Family Businesses Are Losing Their Heirs — What Comes Next?
NeutralFinancial Markets

- Millions of family-owned businesses in the US are facing a significant transition as aging founders prepare for retirement, yet many heirs are reluctant to take over. Experts like Gary Bochner, Christina Wing, and Jarrett Turner highlight the rarity of succession planning and the impact of private equity on local communities, as approximately $18 trillion in small-business value is set to change hands in the coming decades.
- This trend poses critical implications for the future of family businesses, potentially leading to a loss of legacy and community identity, while also reshaping the economic landscape as private equity firms step in to fill the void left by departing founders.
— via World Pulse Now AI Editorial System







