“Only 30% of Family Businesses Survive” — 10 Succession Mistakes That Kill Legacies

Passing down a family business is one of the hardest things to do, and most fail. Only 30% survive into the second generation, and just 3% reach the fourth. Patrick Bet-David breaks down the 10 biggest mistakes families make when trying to transition leadership — from assuming DNA equals leadership, to ignoring estate planning, meritocracy, and long-term vision beyond the founder. If you're serious about legacy, watch this before handing over the keys.