Scott McCulloch is editor of Families in Business.
According to an old adage, with age comes wisdom. In the family business world, some would beg to differ. Consider the question of why aging family business leaders tend to dawdle on the way to exit or even fail to see the good sense of preparing to pass on their business in good time. Given the emotional trouble many entrepreneurs have selling or handing down their business you would be forgiven for thinking they were giving away one of their children. In a way, they are.