Statistics show that only 3 out of 10 family businesses survive the transition from the first to the second generation, and of these, only half will continue to the third generation.
The main reasons for this reduction are not due to market effects or the maturity of the product or service, nor even due to financial reasons or problems with employees, but due to ineffective communication between members of the owning family, due to lack of alignment of interests, due to low trust, poor family harmony or the inability of the heirs to reach an agreement when managing the legacy.
To avoid being a victim of these circumstances, it is very convenient to establish effective and sustainable rules over time between the owners and/or future owners of the business.
