Friday, December 21, 2012

The Hidden Secret That's Destroying Many Family Businesses

Business News Daily

The greatest threat to the success of your family business may not be a bum economy or ruthless competition; it may be pills or booze. A new study shows that substance abuse and addiction may well be handicapping more than half of all family-owned businesses, experts say. In a study of 99 family businesses from a broad range of manufacturing and business services across the country, over half of the study's participants said they were coping with or were expecting to address a family-related addiction problem within the company. The study was conducted by ReGENERATION Partners, a family business consulting and advisory firm.

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