Family Businesses Are Facing a Succession Cliff
Millions of family firms will change hands this decade — and most have no plan and no internal successor.
The retirement wave meets an empty bench
Founder-owners in their sixties and seventies are retiring into a market where children chose other careers. Valuation gap and tax planning collide with emotional succession.
The smart play is professionalising governance years ahead: independent boards, clean financials and a defined transfer path.
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Millions of family firms will change hands this decade — and most have no plan and no internal successor.
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"Family Businesses Are Facing a Succession Cliff" was written by Demo Admin. Building incoffeed — a daily editorial on tech, AI, fintech and business. Co-founder & editor.
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