Leon A. Danco Quotes
Contrary to popular opinion, America's family-owned and privately held corporations are not being destroyed by confiscarry taxation, ruthless competitors, unproductive labor, technological change, or insidious regulation. Family businesses fail because they allow themselves to be destroyed, slowly but surely, by the inaction of their owner/managers. The businesses fail because, more often than not, these people never make the decisions needed to ensure the vitality of their companies in an ever-changing, ever more complex world. Family business owners typically fail to recognize the needs of the future in managing their businesses.