The hardest truth for family businesses: exit is often the only succession plan.
Ramesh built his business over 32 years.– Not a startup story.– No venture capital.– Just steady customers, loyal employees, and a reputation built one decision at a time. When asked about succession, his answer was always:“Let’s see. The business is running fine.” The reality was quieter. His children had their own careers. None wanted to take over. So succession never happened by design or by … Continue reading The hardest truth for family businesses: exit is often the only succession plan.
