Why 97% of Family Businesses Fail (And How to Be the 3%) скачать в хорошем качестве

Why 97% of Family Businesses Fail (And How to Be the 3%)

In this episode of The Legacy Lounge, Deborah Stavis sits down with Dr. Jeremy Lurey, organizational psychologist and founder of Family Legacy First, for a brutally honest conversation about why family wealth rarely survives generational transitions—and it has nothing to do with markets or taxes. Dr. Lurey brings a unique combination of corporate consulting rigor and psychological insight to the deeply personal challenges facing wealthy families. His revelation? The statistics are devastating: only one in three family businesses reaches the second generation, and just 3% make it to the fourth. But the failure isn't financial. It's emotional. Sibling rivalries, communication breakdowns, and succession paralysis destroy more legacies than any market crash. Through real client stories, Dr. Lurey exposes the patterns: the patriarch who won't let go, siblings who haven't spoken in years, the next generation kept completely in the dark, and "business divorces" that could have been prevented. He reveals why 87% of business-owning families never actually discuss wealth with their children, how "equal inheritance" often creates the most unfair outcomes, and why waiting for a health scare to have critical conversations causes irreparable damage. You'll discover: 👉 The real reasons family businesses fail (it's not about money) 👉 How to conduct family retreats that actually work—not vacation disasters 👉 Why professional boards with outside directors are essential for survival 👉 The critical difference between "fair" and "equal" in estate planning 👉 How to handle the family member draining siblings' inheritance 👉 The "enlightened leader" mindset required for successful succession 👉 Why 47% of boomers never discuss finances with kids—and what it costs 👉 How to prevent "cutoff"—when family feuds cascade through generations 👉 What to do when the next generation isn't ready (or willing) to lead Plus, Dr. Lurey shares his father's near-death experience that finally triggered their family's wealth conversation, and reveals the governance structures that transform family dysfunction into lasting legacy. If you're a wealth creator worried about the next generation, a leader caught between aging parents and unprepared siblings, or a professional trying to keep the peace, this conversation provides the framework no attorney or accountant can offer. Don't forget to LIKE, SUBSCRIBE, and COMMENT below with your biggest takeaway! #LegacyLounge #FamilyBusiness #WealthTransfer #Succession #FamilyGovernance #GenerationalWealth #EstatePlanning #FamilyOffice To learn more about Stavis Wealth Transfer Solutions, visit us here: https://staviswealth.com/ Stavis Wealth Transfer Solutions, LLC (“Stavis Wealth”) is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration with the SEC alone does not imply a certain level of skill or training. This presentation is for informational purposes only and is not intended to provide investment advice. No offer or sale of any security is being made by this presentation. Investments in a private fund can only be made through the subscription agreements for such private fund and should only be made following review of the applicable fund documents. Stavis Wealth does not provide tax, legal, or accounting advice.