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Monthly Archives: June 2020

Seller’s Remorse in the Family Business

Before you give your business to your children, you must first set expectations As a family business consultant, one of the most common issues I come across is the disappointment when a family business is transferred from parent to child, and the expectations are not met. This can happen for a number of reasons, from differences in generational values to differences in motivation, but the main cause is a lack of communication. In most cases, each party—parent and child—go into the succession process with … Read More >

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