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10 Mistakes Parents Make Passing Down Business to Kids

May 19, 2025 • MonsterKong

Passing down a family business can be challenging. With 70% of global GDP from family businesses, only 30% make it to the second generation. This video explores the top 10 mistakes parents make in succession planning and actionable insights on how to successfully transfer a business to the next generation. Understanding these common pitfalls can help set the foundation for a thriving future in your family business. Discover how to prepare your children to inherit and effectively manage your family legacy. Subscribe for more insights and updates!

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