Family Business: Sibling and Cousin Generation
The generational transition from founder to the sibling generation is risky, and the transition from sibling to cousin generation is equally risky: two-thirds do not make it at each generational transition. Yet, this risk can be managed and lessened.
The majority of businesses throughout the world are owned and run by family members. According to estimates compiled by the Family Firm Institute, family businesses comprise up to 80-90% of all American businesses, generate 50% of U.S. Gross Domestic Product, and account for 60% of our nation’s employment…(click to view full whitepaper as a printable pdf)
