the entrepreneur faces A number of barriers to succession in privately held businesses exist. Identify and explain some of the key barriers.
Expert Answer
For Owner the key barriers to succession planning in Privately carried businesses are
– Death worry (such as what will happen to the company’s symbol; identity may get lost)
– Apprehension about inheritance (Predicament of choice and Equality fiction)
– Generational jealousy (power may get lost)
Similarly, for family the key barriers
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