--- title: Keys to Successful Change Management in Family Business description: This article discusses how important family businesses are to the economy of the United States. However, “70% of family businesses last just one generation image: https://scottandco.com/hubfs/Imported_Blog_Media/470631673_resized-4.jpg --- [Skip to the main content.](https://scottandco.com/blog/keys-to-successful-change-management-in-family-business#main-content) - [Pay Online](https://secure.cpacharge.com/pages/scottandco/payments) - [Newsletter Sign Up](https://scottandco.com/newsletter-sign-up/) - [ShareFile](https://scottandco.sharefile.com/) [![Logo with Tagline in Color (No Website Address) - TGP](https://scottandco.com/hs-fs/hubfs/Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg?width=3558&height=1110&name=Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg "Logo with Tagline in Color (No Website Address) - TGP")](https://scottandco.com/) [![Logo with Tagline in Color (No Website Address) - TGP](https://scottandco.com/hs-fs/hubfs/Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg?width=3558&height=1110&name=Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg "Logo with Tagline in Color (No Website Address) - TGP")](https://scottandco.com/) - [About](https://scottandco.com/about) - [Leadership](https://scottandco.com/about/leadership) - [Our Founding Partner](https://scottandco.com/about/founding-member-n-randolph-scott-cpa/) - [BDO Alliance](https://scottandco.com/about/bdo-alliance) - [Services](https://scottandco.com/services) - [Assurance](https://scottandco.com/services/assurance) - [Tax Planning and Compliance](https://scottandco.com/services/tax-planning) - [Accounting Services](https://scottandco.com/services/accounting) - [Business Advisory](https://scottandco.com/services/business-advisory) - [Outsourced Tax Director Services](https://scottandco.com/services/outsourced-tax-director) - [Employee Benefit Plans](https://scottandco.com/services/employee-benefit-plan) - [Industries](https://scottandco.com/industries) - [Auto Dealerships](https://scottandco.com/industries/auto-dealerships) - [Financial Institutions and Insurance](https://scottandco.com/industries/financial-institutions) - [Government](https://scottandco.com/industries/government) - [Hospitality, Restaurants, and Retail](https://scottandco.com/industries/retail) - [Manufacturing and Distribution](https://scottandco.com/industries/manufacturing) - [Medical](https://scottandco.com/industries/medical) - [Nonprofit](https://scottandco.com/industries/non-profit) - [Professional and Business Services](https://scottandco.com/industries/professional-services) - [Real Estate](https://scottandco.com/industries/real-estate) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) [Connect](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLLrr2ftKmWWUWpTiz7pLa%2BYXTWohDGKvKCrekG8vdEss8MV%2BXh4ahcEks6VXyDxVLIXiB8HcVf9KPJfI7Lq%2Fl4%2BLdQ46M9LMXoI%2BqEa50%2FnEmukrnRImdW0dK0VD7hBX5pe0L1ClNgIPzaa7H1Xgc1MtFmUwCny0y760llJNEBqeCM%3D&portalId=47162706) Toggle Menu Toggle Menu [Connect](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLLrr2ftKmWWUWpTiz7pLa%2BYXTWohDGKvKCrekG8vdEss8MV%2BXh4ahcEks6VXyDxVLIXiB8HcVf9KPJfI7Lq%2Fl4%2BLdQ46M9LMXoI%2BqEa50%2FnEmukrnRImdW0dK0VD7hBX5pe0L1ClNgIPzaa7H1Xgc1MtFmUwCny0y760llJNEBqeCM%3D&portalId=47162706) - [About](https://scottandco.com/about) - [Leadership](https://scottandco.com/about/leadership) - [Our Founding Partner](https://scottandco.com/about/founding-member-n-randolph-scott-cpa/) - [BDO Alliance](https://scottandco.com/about/bdo-alliance) - [Services](https://scottandco.com/services) - [Assurance](https://scottandco.com/services/assurance) - [Tax Planning and Compliance](https://scottandco.com/services/tax-planning) - [Accounting Services](https://scottandco.com/services/accounting) - [Business Advisory](https://scottandco.com/services/business-advisory) - [Outsourced Tax Director Services](https://scottandco.com/services/outsourced-tax-director) - [Employee Benefit Plans](https://scottandco.com/services/employee-benefit-plan) - [Industries](https://scottandco.com/industries) - [Auto Dealerships](https://scottandco.com/industries/auto-dealerships) - [Financial Institutions and Insurance](https://scottandco.com/industries/financial-institutions) - [Government](https://scottandco.com/industries/government) - [Hospitality, Restaurants, and Retail](https://scottandco.com/industries/retail) - [Manufacturing and Distribution](https://scottandco.com/industries/manufacturing) - [Medical](https://scottandco.com/industries/medical) - [Nonprofit](https://scottandco.com/industries/non-profit) - [Professional and Business Services](https://scottandco.com/industries/professional-services) - [Real Estate](https://scottandco.com/industries/real-estate) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) # Keys to Successful Change Management in Family Business [Admin](https://scottandco.com/blog/author/admin) Feb 19, 2021, 12:00:00 AM [Blog](https://scottandco.com/blog/tag/blog) ![Keys to Successful Change Management in Family Business](https://scottandco.com/hubfs/Imported_Blog_Media/470631673_resized-4.jpg) This article discusses how important family businesses are to the economy of the United States. However, “70% of family businesses last just one generation before they either fail or are sold.” Succession planning can be difficult at times, but implementing strategies such as narrowing your target, taking a step back, and measuring everything can prove to be beneficial when handing down your company. Be sure to check out this article for more information and details! To view this article, [click HERE to access the original content](https://www.launchteaminc.com/blog/family-owned-business-3-keys-to-successful-change-management). - [Tweet](https://twitter.com/share) ![Scott Logo with Tagline - FINAL-ReversedText](https://scottandco.com/hs-fs/hubfs/Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png?width=300&height=92&name=Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png)   ##### Quick Links Quick Links - [About](https://scottandco.com/about) - [Services](https://scottandco.com/services) - [Industries](https://scottandco.com/industries) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) ![SCBIZ BPTW logo 2026](https://scottandco.com/hs-fs/hubfs/SCBIZ%20BPTW%20logo%202026.png?width=150&height=158&name=SCBIZ%20BPTW%20logo%202026.png) Proud to be named a South Carolina 2026 Best Places to Work—our 12th year on this prestigious list. [Learn more »](https://scottandco.com/careers) ![bdo_logo](https://scottandco.com/hs-fs/hubfs/bdo_logo.png?width=150&height=93&name=bdo_logo.png)   © 2026 Scott and Company LLC ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Admin", "url" : "https://scottandco.com/blog/author/admin" }, "dateModified" : "2025-01-15T22:20:20.431Z", "datePublished" : "2021-02-19T05:00:00.000Z", "headline" : "Keys to Successful Change Management in Family Business", "image" : [ "https://scottandco.com/hubfs/Imported_Blog_Media/470631673_resized-4.jpg" ], "mainEntityOfPage" : { "@id" : "https://scottandco.com/blog/keys-to-successful-change-management-in-family-business", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://scottandco.com/hubfs/Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg" } } } ```