What do you believe are additional reasons to support the statistic that 70 percent of family businesses

Question:

What do you believe are additional reasons to support the statistic that 70 percent of family businesses fail or are sold before the second generation of ownership gets a chance to succeed? Discuss why next-generation family members may not be qualified or suited to take over the business.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Contemporary Business

ISBN: 9781119905769

4th Canadian Edition

Authors: Louis E. Boone, David L. Kurtz, Michael H. Khan, Brahm Canzer, Rosalie Harms, Peter Moreira

Question Posted: