You have your own jet, and you are a recognized name brand. You have seven children from three spouses. Yet none of your children have developed leadership or coping skills. What is the only common denominator …YOU!
Do you practice succession sabotage? Would your form of succession training make Darwin shudder? Do you believe in survival of the fittest, but at the end of the day, you look around and no heirs survived?
90% of U.S. corporations are owned or controlled by families. It’s a fact, however, that only 15% of family companies survive into the third generation due to poor financial or estate planning, lack of strong family leadership, and/or negative family dynamics. Solid succession planning, and educating our offspring so they are equipped to take over are only two of the tools you will need to beat these odds. Find out about real life succession stories that brought family companies successfully through generation after generation or unfortunately ended in family dissolution.