How to avoid these 3 mistakes parents make grooming the next generation of business owners

Human Resources News – Human Resources News Headlines | Bizjournals.com

Anyone who is in a family business knows about the downward trend of family ownership with each new generation.

Most parents hope their hard work and legacy will be carried forward along with providing a solid financial future for their family and future generations. For a variety of reasons, few family businesses get beyond generation three.

The reasons many family businesses don’t make it range from members not interested in the family business, incompetent management and infighting among…

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August 18, 2021 – 12:02 pm /Marc Kramer
Twitter: @hoffeldtcom

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