You may be familiar with the statistic that 70% of family businesses — such as many businesses in this industry — don’t make it to the second generation. The big question is how can you beat these odds?
Family members who work for your enterprise need to learn some basic cultural attitudes. They need to know that they’re part of something bigger than themselves. They need to know they can’t always be right. They need to learn that being a member of a family business sometimes requires sacrifice.The biggest reason that business families fall apart is that the family
