The nice thing about a family business is that there is always a guaranteed successor within the family whenever the owner decides to step down.

Question

Quizplus · Accepted Answer

Not all family businesses have a guaranteed successor within the family. Sometimes, family members may not want to take over the business or may not be capable of doing so. In such cases, the owner may have to look for external candidates or consider selling the business.

The Nice Thing About a Family Business Is That There