Talk on family enterprises highlights ACEL’s 3rd GMM
“Only 20% of family enterprises survive a second generation.” And the chances of survival progressively decrease from one generation to the next, falling to 4% for the third generation, 0.8% for the fourth generation, 0.16% for the fifth generation, and 0.032% for the sixth generation. This was the startling revelation Dr. Alejandrino “Andy” Ferreria, a…
