What if you know that a tornado was set to strike thousands of the country's businesses?If you ran one of those companies,wouldn't you start ringing alarm bells to warn your people to prepare?
But listen to the hush emanating from family-run companies in the United States. According to results of a new research project, senior leadership in fully half of them is set to change hands in the next ten years. And most have no succession plan in place of any sort. Consider too that, according to conventional wisdom, only one-third of family-owned businesses survive a change in leadership. It's easy to see that many family businesses face a stormy future,