The Best Kept Secret to Transition a Family Business

Family-owned and family-managed businesses account for 90% of all business enterprises in North America, more than 60% of America’s employment, 78% of all new job creation, and 50% of America’s Gross Domestic Product.

Paradoxically, only 30% of family businesses in America are successful passing the reigns to the next generation.

70% of family businesses do not make it to the second generation even though surveys indicate 79% of senior members want their families to retain the family business and 70% of the next generation shares these hopes.

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