Many families dream of passing down their businesses to the next generation but this requires careful planning and preparation.good management is a key to success all employees , especially family members , need to have clear responsinbilities .family business owners need to think about how. Decisions are made. Also ,they should be realisticabout the dreams and goals of the younger generation.family businesses can be successful because of strong family ties. But to succeed for more than one generation families need to manage their businesses carefully