What Is the Survival Rate of Family Businesses Transitioning from the First
What is the survival rate of family businesses transitioning from the first to the second generation?
A)less than 30%
D)more than 75%
Family-owned businesses account for ______ of new jobs in the U.S.economy.
Bill is the paternal head of his family as well as the family enterprise.He is concerned about the business and wants to ensure its survival for the long run.You,as a consultant,advise him to focus on ______.
A)selling the company
B)passing on an entrepreneurial mindset to his family members
C)writing a detailed business plan
D)establishing a trust to administer the business
By definition,a ______ is a systematic way of approaching a task.