According to a report, only about 30% of the family businesses in the US last till the next generation, and 12% till the third. But why? If the family business, be it a small one or a large enterprise, has been successful for one generation, why the succeeding generations do not continue with the same? After all, their parents and founding members have made it so far and took all the challenges to create a smooth transition for their children, right? Then what is it that makes the children somewhat reluctant to join......

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