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According to the U.S. Bureau of the Census, about 90 percent of American businesses are family-owned or controlled. 30% of family businesses survive the transition from first to second-generation ownership. 12% survive the transition from second to third generation. Only 13 percent of family businesses remain in the family over 60 years. These primarily small and medium-sized businesses, and especially family businesses today, are challenged with continuing to grow and thrive amid change and uncertainty at every level. Survival of these businesses for the next chapter and generation of business requires a real focus on transition and succession through bridging the gap/generational divide between today’s and tomorrow’s leaders. Systems to bridge this gap/divide are critical to the successful survival of businesses.
An entire industry, exit planning, exists to successfully guide businesses through such transitions as sales, mergers, successions, or transformations. Explore and learn about a simple proprietary platform called “BRIDGE,” which helps companies to survive and thrive for the next generation.
BRIDGE is, what it sounds like, a vehicle to help clients develop and clarify their own tools or plan for transition to guarantee their legacy based on the next generation of prosperity for their business. Unparalleled consulting services begin with understanding clients’ stories and end with the ability to powerfully guide them to empower change and growth for the next generation.
We will explore the power of BRIDGE through Real Co.’s all-too-familiar story.
