Generation 3 marks a monumental shift

At our Transitions Canada 2018 conference in September, attendees from second-generation businesses were eager to learn about the challenges they would confront when they transitioned to the third generation. Several were unaware of the monumental changes that occur when a company moves from a sibling partnership to a cousin consortium, a term often used to refer to a third-generation business.

Here are a few of the issues families face in their third generation of business ownership:

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About the Author(s)

Barbara Spector

Barbara Spector is Family Business Magazine's editor-at-large.


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