BizSugar.com › Startups › How 7 Things will Change the Way You Approach Your Family Business

Family businesses are a huge part of America’s economic landscape. But some 70 percent of family businesses do not outlast the first generation, according to Harvard Business Review. And of the 30 percent that make it to a second generation, only 12 percent survive to be passed down to a third generation. How can you ensure yours beats the odds? Here are seven secrets of successful family businesses.