Reply To: After integrating a family business, should the former owner remain or not?


Shariq Akber

There are many dependents to consider. Sometimes it is good to retain the old owners who knows and understands the ins and out of the business. however as there is always need for fresh blood and new talent it is advisable who has more knowledge of a bigger business and has more exposure. Most of the times you will find that owners in the family managed businesses are risk averse and could be a hindrance to future growth.

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