When the fall is all that’s Left, it matters a great deal. Family businesses fail, fall down. Bad Succession Planning? A PricewaterhouseCoopers survey listed 10 reasons why Family-Owned businesses fail. 1. Poor succession planning. 2. Lack of trusted advisers. 3. Family conflict 4. Different visions between generations. 5. Governance challenges. 6. Exclusion of family [Continue Reading]
Family Business: Succession Planning Strategies Balance Competing Interests
The History of Family Business The histories of Family Businesses span time. There were family farms before there was Rome. Shepherding has been a family business over 6000 years; other Family business are recorded in the Guinness Book of Records, Hoshi Ryokan , a family owned and operated hotel in Japan, opened in 717. [Continue Reading]