When you retire, will your printing business prosper under your children's management? Maybe not. Only one of three family businesses survives transition to the second generation, according to the Family Firm Institute in Brookline, MA. The reason: Business owners commonly make a number of fatal mistakes when passing the entrepreneurial torch. Just what are these mistakes? In the following article, 12 of the most common errors made by family businesses in transition have been gathered from 10 leading family-business consultants.
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