How Two Family-Owned Businesses Beat the Odds

Posted by Hayley Null, Manufacturing Industry Marketing Lead
Succession planning is essential for family business survival, especially for those where leaders are nearing retirement. According to the Family Business Center, 70 percent of family businesses would like to pass their business on to the next generation, but only 30 percent will be successful.
In Part 2 of a webinar series on family businesses, NetSuite’s Ranga Bodla sat down with Dean-Paul Hart, second generation President of Compac Industries, and Matt Grant, second generation Owner and Vice President of Sailrite, to find out how family businesses should approach transferring power from one generation to the next.