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Saturday, 26 July 2008
 
 

Why Family Business Succession Plans Fail And What to Do About It

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Why Family Business Succession Plans Fail And What to Do About It

Many scholarly researchers have concluded that a staggering 90% percent of family businesses fail by the third generation. This sobering statistic becomes more perplexing when you consider the army of attorneys and CPAs available to assist families with cutting edge business succession planning strategies. However my own research reveals a glaring omission in almost every family business succession plan: matters of the heart.
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