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Only one in three family businesses survive past the second generation

Only one in three family businesses survive past the second generation
At a recent family business breakfast event I spoke about the inability of older family members to have open and honest conversations with all family members. One interesting statistic is the high percentage of business owners who fail to have succession discussions with their partner.
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Would you board a bus if you didn't know here it was going

Would you board a bus if you didn't know here it was going
It is not often that I come across a family business where the family leader and family members can articulate or paint a picture of what the vision of the future looks like. If your family business where a bus what would the destination say? Why would anyone get on board?
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