Special Reports
“Ninety percent of U.S. businesses are family-owned, and one-third of the Fortune 500 are either family-owned or family-controlled. Yet only 30 percent of family-run companies today succeed into the second generation. An even smaller 15 percent survive into the third generation.
The reason, according to many experts, is obvious – the lack of an orderly succession plan.” (Source: SmallBusinessNotes.com, Succession Planning). In fact, succession failure is the leading cause of business failure.
The reason, according to many experts, is obvious – the lack of an orderly succession plan.” (Source: SmallBusinessNotes.com, Succession Planning). In fact, succession failure is the leading cause of business failure.
If you own a business, or if you are a partner in a business, and you do not have an up-to-date succession plan, you have not maximized the value of the business, and you are risking catastrophic consequences for your family, your business and your future. Find out why death, disability and divorce are not the only things you need to consider.