The Tricky Task of Handing a Family Business to the Next Generation

Too often it’s mishandled due to miscommunication, poor planning and reluctance to let go

For many family-business owners, passing on the business to the next generation can be as challenging as starting the business in the first place.

28365365体育投注Among the obstacles: a lack of communication between generations, a failure to plan ahead and, perhaps most difficult, a reluctance to let go. Left unresolved, such issues can lead to business disruption and strained relationships when a family is least able to cope with it. Not the kind of scene most patriarchs and matriarchs have in mind to leave as their legacy.

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