Season 4 · Episode 93
Why Do Family Businesses Disintegrate? | Sunil Soni, Family Business Consultant; Founder, Indian Family Business Network
The Brand Called You · The Brand Called You
September 27, 202224m 55s
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Show Notes
Poor succession planning, lack of trusted advisers, family conflict, different visions between generations, and lack of financial education for children are some major reasons why 70 percent of family-owned businesses fail or are sold before they are passed on to the second generation and almost 90 percent don’t make it to the third generation.
About Sunil Soni
- Sunil Soni is the Family Business Consultant.
- He is the Founder, of the Indian Family Business Network.
- I have interviewed 450+ Indian family business promoters based in India as well as overseas and worked with 25+ Indian family businesses.
- I am also leading a global community called Indian Family Business Network with 1800+ next-generation leaders in the family business.