Monthly Archives: November 2021

Family Business – Curse of The Second Generation

In a founding business, there can be many generations involved, of course, if the business turns out to be a success. While the first generation comprises the founders, the people who start the business, the second generation typically involves their children and grandchildren. Now, that’s when a lot of things change. The founders may retire, or take a break, leaving all responsibilities to the next generation, who run the business in their absence. Naturally, they would have different sets of thoughts and opinions regarding the day-to-day running of the company. Even if the......

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