Did you know that most family business succession plans fail? It’s true, just look at the otherwise successful businesses that do not survive from one generation to the next. Most succession plans fail. The plan itself might or might not have achieved the family’s objectives for family business succession and transition to the next generation, but it ran out of gas before it was ever completed.
http://waynemessick.com/strategic-planning/family-organizational-transition-planning-is-definitely-strategic-planning
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