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.
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