Creating a lasting legacy for your family business is a labor of love. When you started your business, you had a vision—a dream of what your business could become and what that would mean for you and your family many years hence. You have poured your heart and your soul into making that dream a reality. You have seen challenges and successes over the years, yet through your passion and belief in your dream, you have persevered and have now begun to enjoy the fruits of your labor.
Unfortunately, a great many family businesses never generate the legacy the founder dreamed of. The Family Business Institute calculates that only 30% of family businesses survive into the second generation, only 12% into the third generation and only 3% into the fourth.
Most family business owners do not know why their business is likely to fail when they are ready to transition leadership and ownership of that business.
We founded Your Business Legacy because we believe in you and in your dream. Our passion is ensuring that you realize that dream to its fullest! We understand why businesses fail at this transition point and what to do to ensure their survival.