In this two-minute video, Dr. Steve Treat, ASI Show speaker, senior therapist and former director and CEO of Council for Relationships, discusses family businesses. He stresses the importance of family members having “honest, open conversations with each other” which can “help the family work in a more prosperous and constructive way.” He also explains how family dynamics can threaten the longevity of a family business; in fact, “only about 15% of family businesses go down to the third generation” due to issues between family members. Watch the full video below for tips on keeping your business running smoothly now and for future generations.