About 70 percent of family firms survive to the second generation, about 45 percent of them survive to the third generation, and about 25 percent of them are expected to survive beyond the third generation.

Question

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Only about 30 percent of family firms survive into the second generation, 12 percent are still viable into the third generation, and only about 3 percent of all family businesses operate into the fourth generation or beyond.

About 70 Percent of Family Firms Survive to the Second