That 70% failure rate in family businesses mirrors what I see analyzing corporate succession plans - too much focus on preserving assets, not enough on developing leadership. This same pattern shows up in public companies where founders often struggle with transition planning, which is why I always scrutinize succession strategy in my stock analysis.
That 70% failure rate in family businesses mirrors what I see analyzing corporate succession plans - too much focus on preserving assets, not enough on developing leadership. This same pattern shows up in public companies where founders often struggle with transition planning, which is why I always scrutinize succession strategy in my stock analysis.
And this is likely to increase as new generation focus shift toward fame rather than wealth.