1. What do you believe are additional reasons to support the statistic that 70% of the family businesses fail or are sold before the second generation ownership gets a chance to succeed? Discuss why next-generation family members may not be qualified or suited to take over the business.
2. Do the odds of the long-term survival of a family business have more to do with the many career and educational opportunities available today and less to do with the quality of succession and long-term strategic planning? What are other contributing factors?