By Dayle E. Spencer
Not talking about the elephant in the room doesn’t make it go away.
When a 2012 study published by Harvard Business Review revealed that 70% of family owned businesses failed before the second generation even got a chance to take over from the wealth creators, most readers would have aIributed the reasons for such failures to typical business challenges: market fluctuations, cost of capital, poor investment advice, lack of qualified labor, legal hurdles, or other normal business problems…
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