Monday, August 04, 2008

Joining the Family Business

In today's online Wall Street Journal there's a brief article titled "Wait to Work for Family". We sometimes get inquiries regarding succession planning from small business owners who, upon retirement, hope to keep things in the family. This article suggests that grown children are likely more effective - and more confident in their decision-making - if they don't join the business right out of school. It's obvious - small businesses kept in the family stand a better chance of survival if the next generation is as motivated as those who founded it.

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