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The statistics are harsh; only 40% of family businesses will survive into their second generation, and 90% will be dead in the water by the time they reach their third. The truth is that the family business suffers from dynamics and idiosyncrasies not experienced anywhere else in the business world.
Written from decades of research and application by wealth transition and family business expert, David Werdiger, ‘Transition’ reaches out to family businesses torn by inner conflict, confusion and the raw possibility that their mini empire will be all but dead in another generation’s time.