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Multi-Generational Family Business – A Guide to Successful Succession

Mary WhitesideRick Segal

Family businesses are unique and complex differing in many ways from non-family businesses. For those family businesses preparing for the next generation to transition and succeed, they need to expect all kinds of issues to arise that can cause conflict. Family members have questions and expectations: who is moving out? Moving in? Moving aside? The new generation has ideas and strategies which could very well be different from how Grandpa used to do it.  Succession planning is key to this transition process. Change does not happen over night.  Support from family business experts can frequently facilitate the way to a productive succession.

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