If the succession fits

Getting online early helped 101-year-old Wittner Shoes weather the retail storm. They've also managed two successful family successions and are hoping for a third.

The second succession of a family business is almost always easier than the first – in fact it’s usually only death that loosens the founder’s fingers from the tiller.

And then what often happens is that the second generation leader of the business decides that he or she wants to enjoy a normal retirement, rather than dying in the office like dad did, so an early, orderly succession is arranged.

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