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Archives for January, 2014

Addiction

Will Addiction Be the Downfall of Your Family Business?

The odds are stacked against family businesses. Most new enterprises don’t survive longer than five years. Only 33 percent of family businesses are passed down to a second generation, and only 12 percent survive to the third generation. While many factors play into a business’ success, including the efficacy of management, insufficient planning and lack of funds, there’s another significant yet often overlooked threat that is crippling more than half of family businesses:...
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