The process of passing a family business onto the second generation is so difficult that not even a third of them survive. Beyond that, roughly half make it to a third generation. In a normal day in the U.S., 40 percent of businesses are confronted with a change of owners. Those who have founded the companies are struggling to find remedies, but there aren't many options. Here are a few possible remedies to this problem: Sell off the company. End the business. Remain as the owner, but contract others to manage. Keep ownership and management within the family. The most common causes for failure of the transition of the small business are as follows: There is no strategy. The business is missing energy. The owner lacks the motivation to change the business. The coming generations are not interested in working with the business. The main reason for closure is not having a strategy. If planned properly, the business has no reason to worry.