Are Problems Brewing in the Family Business?

Anyone in a family business knows that according to many statistics, the chance of the business surviving declines with each handoff to the next generation. What causes the drop-off? Among the myriad of reasons, times change, dedication levels vary, and talent isn’t always genetic.If you’re in family business, do any of the following sound familiar?• Granddaddy toiled day and night. He adored his work and never stopped with the new ideas. Most of his creations met with tremendous success. He just had a knack for knowing what the public wanted. My uncle, on the other hand, has practically run the place