"One of the chief concerns facing family business
owners is how to effect an orderly and affordable
transfer of the business to the next generation and/or
key employees. In other words, the concern is how to
keep the family business in the family. Failure to
properly plan for a smooth transition can result in
monetary losses and even loss of the business itself. It
is estimated that more than 70% of family owned
businesses do not survive the transition from founder
to second generation. However, given adequate time
and proper planning, a business succession plan can
be implemented easily and often profitably."

To read the full article by Julius Giarmarco, J.D., LL.M., please select the "notes" link below!

Check out this great article from Harvard Business Review.

"With the input of business owners and Family Enterprise Advisors (FEAs), the report takes an in-depth look at transition planning and how family business leaders can prepare their family, as well as their business, for this imminent transition of wealth, ownership and leadership."

Select the link below to open the full research article!

Who are the guardians of family legacy? Select the link below to view the fantastic research article from the Family Enterprise Foundation.

Check out the great research article regarding preparing the next generation in a family business by selecting the link beneath the image below!

Check out this fantastic article about one of AWG's own grocers doing good in so many communities.