A number of barriers to succession in privately held businesses exist. Identify and explain some of the key barriers.
Expert Answer
Following are the number of barriers to succession in privately held business exist——-
1. Fear of sibling rivalry , rivalry among siblings is one of the most important barriers to sucession in privately held business , as this can effect the business adversly ,sometimes there is also a chances of shutdown of the business.
2. Fear of loss, it is also become a barrier ,as when the owner always survive and run their business with the fear of loss this
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