Do Most Family Businesses Really Fail by the Third Generation?

Most articles or speeches about family businesses start with some version of the “three-generation rule,” which suggests that most don’t survive beyond three generations. But that perception could not be further from the truth. The data suggests that, on average, family businesses last far longer than a typical public company does.  Global Family Enterprise Program Adjunct Professor Josh Baron and his colleague Rob Lachenauer explain. more.

Tomasz Śmigla/Getty Images

Leave a Reply