The Italians say:
‘From the stable to the stars and back in three generations’
But how true is this? When one considers that about 70% of all ‘start ups’ fail, then it is incredibly hard to create continuity in a family business.
I am a fourth generation shareholder in the business that my great grandfather started in 1898. 7% of family businesses get to the fourth generation.
However, it is not just business failure that causes this lack of continuity. Recent years have seen many family businesses being subject to take over. I often wonder how many families rue the day they entered into negotiations to sell the family business.
To explore our family business credentials and find out how we can support the future of your family business, contact Tim Isherwood
07855 766954
tim.isherwood@steuer-gregsson.co.uk
‘From the stable to the stars and back in three generations’
But how true is this? When one considers that about 70% of all ‘start ups’ fail, then it is incredibly hard to create continuity in a family business.
I am a fourth generation shareholder in the business that my great grandfather started in 1898. 7% of family businesses get to the fourth generation.
However, it is not just business failure that causes this lack of continuity. Recent years have seen many family businesses being subject to take over. I often wonder how many families rue the day they entered into negotiations to sell the family business.
To explore our family business credentials and find out how we can support the future of your family business, contact Tim Isherwood
07855 766954
tim.isherwood@steuer-gregsson.co.uk
