What is the survival rate of family businesses transitioning from the first to the second generation?
A)less than 30%
B)40%
C)50%
D)more than 75%

Question

Quizplus · Accepted Answer

The survival rate of family businesses transitioning from the first to the second generation is less than 30%. This low percentage reflects the challenges and complexities involved in passing leadership and ownership from one generation to the next.

What Is the Survival Rate of Family Businesses Transitioning from the First