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For many owners keeping the business in the family is an emotional as much as a commercial decision. There are genuine benefits to keeping a company in the family. On the other hand I have seen enough failed transfers to know that there are some downside risks as well. A recent experience with a local family company that had run into difficulties set me thinking. Just how does a business owner decide if it is a good idea to pass on the family business rather than try to sell it? What are the pros and cons of transferring a business to the children?
Starting A Bookkeeping Business
A USP is no good if you don’t follow through on what you have said. Make sure you deliver what you stated you would. Don’t say you can get their product there in one day if you can’t. It may seem that it’s … Read More