What should steves family business do to avoid the seemingly

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Problem: Conway Center for Family Business estimates that between 80-90 percent of all United States companies are family owned. The Institute estimates that only about 30 percent of those survive to the second generation. With these facts, discuss why more small businesses are inclined towards family businesses than any other form of business? If Steve Moore had ventured into family restaurant business, what would have made his business a possible casualty among those businesses that fail to survive the second generation? What should Steve's family business do to avoid the seemingly high odds of entrapments of failure beyond his life?

Reference no: EM133654292

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