A practical guide for the transition of a family business to the next generation

The Book of Succession

Across the globe, family businesses represent on average, 90 per cent of the active enterprises, they produce almost 50 per cent of the GDP, while they employ 50 per cent of the global work force. Thus, the process of a successful succession is a vital point for the economic development of countries.

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Without a Good Succession There Can be No Success
Dr. Christos E. Georgiou
According to popular belief, the failure of many family businesses is attributed to the following reasons: a) a complex and inhospitable tax legislation, b) lack of a competent successor, c) the children are not interested in the family business and d) the founder is reluctant or hesitates to step down, fearing that he will be pushed to sidelines…
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