Family owned business leaders often represent the greatest risk to the business when they

Question

Quizplus · Accepted Answer

Family owned businesses often rely heavily on the leadership of one or a few family members. If one of those key leaders becomes disabled or passes away, it can pose a significant risk to the business. Without a clear succession plan or a next-generation leader ready to take over, the business may struggle to survive. It is important for family owned businesses to plan for the unexpected and ensure that leadership is not too heavily concentrated in just one or a few individuals.

Family Owned Business Leaders Often Represent the Greatest Risk to the Business