Sustainability in Family Business Transitions
If sustainability in family business transitions means that a company passes to the next generation, and the company continues to do well, then the odds are not great. It’s an unpleasant reminder, yet the most commonly quoted business transition statics are: We believe that there are almost as many causes for this dismal record as there are families and understand that external factors come into play as well, such as new competitors, changing regulations, evolving technology, or economic downturns. Today, however, let’s focus on two internal factors that you may