Which generation of business leader are you? Moneymaker. Caretaker. Undertaker.

Most family businesses fail because succession is treated as a moment, not a structured journey.

The brutal truth? Only 30% survive the second generation, 12% the third, and just 3% beyond that.

Without handing over operational, managerial, leadership, and ownership responsibilities in sequence, your “legacy” becomes a noose.

The real test isn’t how well your business runs today. It’s whether it thrives without you tomorrow.

Here are two big things you can do to get on the right side of these numbers.