Moving On
 
A seminal event occurred last year that promises a profound impact on family businesses in the near future.  The first baby boomer turned 60. There’s a reason why this is a big deal. Many of these aging baby boomers own successful businesses, and are seriously considering (if they haven’t already) reducing their work schedules to spend more time doing things they love. For those with children, it’s only natural to hope the business might continue through them.
 
Sometimes, this works out great for everyone. But all too often, the second generation simply ...