How to Create a Succession Plan for Your Family Business

Only 30% of family businesses make it to the second generation—and just 12% to the third. Why? A lack of solid succession planning. This article dives into a straightforward, no-nonsense guide to creating a family business succession plan that ensures continuity, minimizes conflict, and protects your legacy.
Whether you're leading a local shop or a growing family enterprise, it’s never too early to start planning. From identifying the right successor to communicating openly and setting a clear timeline, this guide has it all.
Plus, discover how Gateways Global can support your journey with expert advice and custom solutions.
Originally posted on Medium.com