Since entering the 21st century, with the arrival of family business succession peak, the family business tradition of academic research has increasinglybecome the focus.

进入21世纪以来，随着家族企业换代接班高峰期到来，对家族企业传承问题的研究越来越成为学术研究的重点和热点。

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The proper time to start planning the succession of a family business is not one, but three, not even five years ahead.

一个家庭企业着手规划交接的适当时机不是提前一年，三年甚至是五年进行的。

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The succession is a continuous process in the family business, and it includes not only ownership and control right transition but also the intangible relation network.

在家族企业中，作为一个持续过程的代际传递，既有有形的所有权和控制权的传递，也有无形的关系网络的传递。

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For example, in their book Changing Places: Making a Success of Succession Planning for Entrepreneurs and Family Business Owners, David Franzetta and co-author Moss Jackson provide a path for business owners to develop and execute their own customized succession plans to secure the future for themselves, their families and their employees.

FORBES: Family Business -- Your Most Important Issue -- Successfully Passing It On!

The challenge for many small family-owned businesses in succession planning lies in choosing a successor and deciding how the business will be governed when you are not there.

FORBES: Identifying a Successor for Your Family-Owned Business

Prior to the changed economy, there were a number of small and medium- sized family-owned businesses who adopted succession plans whereby they allowed for outside investment into the business, sometimes selling all or half of their shares to investors.

FORBES: Identifying a Successor for Your Family-Owned Business