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The Why and How of Exit Planning: Part V

Why Do Family Businesses Fail at Succession Planning?

By K·Coe Editorial | July 27, 2016
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Reading Time: 2 minutes
A majority of family-owned businesses fail to transition because of lack of communication and trust. This can be avoided with proper succession planning and help from a team of advisors. Family-owned businesses represent more than 90% of all enterprises in the United States. Of those, 30% are second-generation businesses, 12% …

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