The statistics are harsh; only 40% of family businesses will survive into their second generation, and 90% will be dead in the water by the time they reach their third. The truth is that the family business suffers from dynamics and idiosyncrasies not experienced anywhere else in the business world.
However, bestselling author and business consultant David Werdiger has spent his career helping family businesses thrive and, in his new book, he helps them prepare for history’s biggest transfer of wealth – with gusto.
Transition is a must-read for all family businesses. Their future literally depends on it.