Estimated reading time: 0 minutes, 19 seconds

Why Some Family Businesses Survive

Statistics from The Family Business Institute show that only 30% of all family businesses survive beyond the founder’s generation, reports the New York Times. From there only 12% make it to a third generation. Those that are successful share several traits including the ability to reinvent, focus on succession and the ability to seek outside help.

Read 4527 times
Rate this item
(0 votes)

Visit other PMG Sites: