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Family Businesses
Jeff Cornwall: “Even if your business is not now a family business, it may become one. Many of these companies were founded shortly after World War II and at that time had no definite plan to keep their business in the family. On the other hand, many entrepreneurs who hope to make their companies family businesses may not see this dream become a reality without careful planning. Generational transition is a tricky process that is prone to many stumbles and even failures.”
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