As the owner of a family business, you may have more than a passing interest in the enclosed information. It could help you avoid one of the primary family business errors. Since you're a busy person, here's a summary of the information:
1. Less then 30% of all family owned businesses continue into the second generation and only 10% continue into the third.
2. The lack of an adequate plan for orderly succession is the number one reason for the failure detailed above.
3. The passing of the business torch from one generation to another does not come easily and must be a process as well as a commitment.
Jeff@marketmagic.com