Buying family members out of the business
Watch the Beaches, a fourth generation family who owns and operates Basin Harbour Club in Vermont, USA, explain some of the challenges encountered when transitioning the family business from 3rd to 4th generation. In a family business, there are many sacrifices and settlements that come with handing off the family business to the rising generation. Having a shared visions and values can help this transition be more agreeable for both generations.
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