Successfully transferring the family business to the next generation is complex and emotional. Start early, much earlier than you can imagine, and then manage the process.

The succession is one of the main causes of division within business families. It causes family rifts and undermines business performance.
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Work towards:

• Open and direct communication between all family members.
• Understand the differences that may exist between family members
• Understand the family’s attitude to the business
• Adopt a formal process to the planning of succession
• Conclusions reached in the process must be clear enough to be written down
Succession case study coming soon
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