According to a Family Business Australia report, family owned small businesses make up the backbone of the Australian economy – accounting for 70% of all businesses countrywide. However, only a fraction of these family-owned endeavours make it to the second generation – and even less carry on to the third and fourth generations. If you are serious about the longevity of your family business, be aware of these 7 biggest mistakes and how to avoid them: https://www.cciq.com.au/advocacy/blog/seven-deadly-sins-of-family-businesses
This article was suggested by our mentor Lyn Wrigley