Decades of statistics illustrate that most successful businesses ultimately fail.
In fact only 35% of successful family businesses (and virtually all small businesses are family owned) survive through the second generation, and of those only 20% survive through the third.
The reasons are typically straightforward and the excuses have been the same, from my personal experience, for over a quarter of a century. How do I define failure when taking about these successful businesses? Why do I say these business fail?
Well what are the options available to a successful business owner when the founder or senior generation of owners come to the [...]
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