In a family business, the founding generation typically builds the business on relationships. Then, the second generation tries to run it on systems. The breakdown usually happens when neither generation fully respects what the other one built, and better yet, how they built it.
Read MoreBuilding a company requires a specific brand of grit, but exiting one requires an entirely different playbook. After years of pouring your identity and resources into a business, the transition from operator to seller is often the most complex challenge a founder will face.
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