1 post from day 17/04/2019

Planning for the Future Has Family-Owned Businesses Falling Short

There are a lot of things that family-owned businesses (FOBs) do better. They’ve made more money and outperformed non-FOBs in the long run, and they’re better at balancing the past and the present. However, when it comes to planning for succession, they are falling short, and without an Ownership Conversion Plan, the future of the business is left uncertain. A 2012 Harvard Business study found that only 41% of family-owned businesses had an effective CEO succession planning process, ...

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