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1. Lack of planning: if no clear and detailed planning is drawn up for the handover of the company to the next generation, ambiguities and conflicts may arise.
2. No communication: if there is no open communication between the generations, the necessary changes cannot be implemented and there is a risk that important decisions will not be made.
3. False expectations: If the older generation has false expectations about the capabilities and commitment of the next generation, disappointment and poor decisions may result.
4. Insufficient financing: if the financing for the business succession has not been carefully planned and prepared, the business cannot be successfully handed over.
5. Unclear business goals: If the goals of the business are not clearly defined, the next generation may not know which direction to take the business.