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Dick Kane recently spoke at Wilkes University. Representing the third generation
of family-ownership at KANE, he was a guest speaker for a seminar on “Eleven Best Practices of Successful Family Businesses” in the university's Henry Student Center Ballroom.
Among his points: out of 5.5 million family-owned businesses nationwide, only 9 percent transition to the third generation-ownership. Just 3 percent hand down the business reigns to a fourth generation.