They understand that the odds of passing on a…

They understand that the odds of passing on a business to the next generation are not in their favor. As a result of this knowledge, they take the task of managing succession very seriously and they put enormous effort into it

— from Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences) · Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting Successful Families

Also belongs to

• Goals, Action & Defining Success (Goal/Action/Success/Motivation)
• Leadership & Business (Leadership/Business)
• Legacy / The Logbook (Legacy/Epilogue)

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