It’s a familiar refrain: Family businesses must have a succession plan. Often, family business leaders themselves admit that succession matters. But they do nothing about it. Why is that?
Most family business leaders are bogged down with immediate problems, which require their full attention and energy. Leaders are left with scrapings of energy to tackle succession planning.
There are four other main reasons family business leaders avoid succession planning. Dig into the reasons in this article and determine what reason may be holding you or your clients back from succession planning.
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