MITZI PERDUE is a celebrated speaker, businesswoman, and author of "How to Make Your Family Business Last." A cum laude graduate from Harvard University and holder of an MPA from George Washington University, Perdue draws from her direct experiences in two long-lasting family enterprises to assist businesses in preparing for lifelong success. She is a past president of the 35,000-member American Agri-Women, a former syndicated columnist for Scripps Howard and the founder of CERES Farms. For more information on Perdue, please visit: www.mitziperdue.com
You may be familiar with the statistic that 70 percent of family businesses don’t make it to the second generation. The big question is: how can you beat these odds? Family members need to learn some basic cultural attitudes.
There’s no such thing as a family business without conflict. At their worst, a quarrel in the family business can become a threat to everything the family business holds dear, including relationships, wealth and position in the community.