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Hire professional managers to grow family business
Professional managers bring a wealth of knowledge and experience to a family business. file photo | nmg
Family businesses are a vital part of the Kenyan economy, and their continuity and success often depend on the transition from one generation to the next.
In the Kenyan economy, it has been found that less than one-third of family businesses survive the transition from the first to the second generation, and half of these do not make it to the third generation.