The issues that must be factored into relevance before deciding that the family succession is the best way for your business include the following:
Skills
It is interesting to encourage one or more children to follow in your footsteps. But if it looks like your children won’t eventually have the skills to run the business, it is probably better to look outside the family.
Read more: https://www.entrepreneurshipsecret.com/the-business-and-family-succession/