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Strategy

The Pillars of a Successful Generational Transition

Transitioning ownership of a family business is the most important business decision you will make. No challenge has as much potential to amplify the stresses, or conversely, highlight the special advantages of operating a family business.

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May 24, 2019

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Transitioning ownership of a family business is the most important business decision you will make. No challenge has as much potential to amplify the stresses, or conversely, highlight the special advantages of operating a family business.

Whether you are considering an external or internal transition for your business, the process is complex. You must identify, assess, address, coordinate and integrate multiple variables for the best possible transition. The time and effort required to prepare adequately for a transition should not be underestimated.

Only about 30% of family-owned businesses…

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