The risks of declining capacity for business owners
Running a family business can be, by nature, a way of life for many, and for that reason it can be a wrench to give it up. For many involved in a family business, retirement is something difficult to consider, and even more difficult to do, even well past what most would consider a usual retirement age. While entirely understandable, this later exit from the business means that risk of declining mental capacity in those still actively running a business is a real and recognised challenge.