The Family Business Dilemma: Why Optimism Can Be a Threat to Success The Goldman Sachs playbook has highlighted the 12% success rate of family businesses making it to a third generation, sparking an important conversation about intergenerational business ownership.
This statistic is often seen as dire, but others view it as a natural consequence of the complex web of interests and priorities that emerge when families become involved in business.
The issue extends beyond simply handing over control from one generation to the next; it also involves navigating conflicting objectives among family members.