Only about 3% of family businesses make it through the 4th generation where complexity can increase exponentially. Rob Sligh and David Karofsky with The Family Business Consulting Group share why and how some family businesses succeed for generations. Discussion items include:
- Family businesses outperform public and PE companies in the long run
- Those that survive for multiple generations can become complex
- Family owners with common purpose can carry forward the family enterprise and others can pursue their own dreams
- Boards with independent directors represent owners and add value
- Leaders may be family or non-family members
- Succession is a process that includes asking good questions along the way
You can learn more by reading Rob's article Succeeding at Succession on our website: [ Ссылка ]
