Japan’s business owners can’t find successors – one man is giving his away
My FiL shut down his multigenerational business in Japan for exactly this reason.I was not in a position to take it over and no-one else in the family wanted it. It was a very successful shop with a built in client base and hugely recognizable name in that community.Culturally the lack of children means there are fewer chances for someone to want to take over a family business, so the likelihood of someone taking it over drops every generation.