Business builders: Only 3% make it past 3 Generations !

April 28, 2022

1 link, 1 thought, and 1 tweet.

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1 Link To Make you Act

Ibn Khaldun’s insight: Dynasties rise and fall for predictable reasons. Thus history can be studied as a science.

1 Thought - The circle of companies

Elonmusk is taking twitter's "public square" private in one of the biggest leveraged buyout deals in history.

The average lifespan of privately held firms is three generations.

Only 12% make it that far, and the number getting past four generations falls to as low as 3%

These statistics were a result of a study PWC made, the numbers are exactly in line with a book every business builder should read, even though less than 1% have done so.

The reason is that it's a history book, why would a founder read a history book to learn about business?

In 1935 the popular English historian Arnold Toynbee, the author of “A Study of History” in 12 volumes, claimed that this book was “undoubtedly the greatest work of its kind that has ever been created by any mind in any time or place.”

Analogies are striking, this thread will link "The circle of history" which is one of the main concepts of the book to "The Circle of Companies".

Ibn Khaldun pops up in the most unexpected places. This late medieval North African (1332-1406) has been celebrated by historians, economists, sociologists and ethnographers, not to mention scholars of Islamic thought

Read on the thread below to see the link between the circle of history and the circle of companies.

1 Tweet - The circle of companies

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- Luqman