So your website talks about how proud you are to be a family business. Team photos of key family members and a lovely 'family history' timeline with black and white photos of generations before.
You build on the fact that that you're a family-run company, trusted for years by loyal...
Change. Such a small word but can often cause such BIG problems in a family business. Especially when it comes to transitioning the leadership of the company from the current leader, to their next generation.
That's because, on the surface, change is the antithesis of everything we...
When you say ‘family business’ it conjures up images of personal service, quality and trustworthiness. Cider makers, construction firms, farm shops, funeral directors, hotel owners. Family firms provide hundreds of thousands of jobs to industries around the UK.
So why then, do...
By Amalia Brightley-Gillott
If you've been working in your family business for a few years now, you're probably starting to think about taking on much more responsibility. Not to mention the possibility that maybe, one day, you could be leading the business when your Dad retires.
Let's...
One of the biggest challenges for any family business is the matter of ownership. When the person who founded your business started out, it wasn’t an issue. They owned all of it, they built the company up and they benefited from it’s success.
As family firms progress through the...
This was one of the first ever videos I did because I have walked this path myself recently! When your Mum and/or Dad have been the king ding-a-ling for SO long, they’ve built a really successful company, been trail blazers in their industry, have an army of fans working for them and have...
You’ve worked in the family business for many years now. Perhaps you got some experience elsewhere first and then came and joined your parents with a view to taking the helm one day. Or maybe you’ve literally been in the business since you left school or university. Either way, you...
If you’ve not heard the statistics, only 30% of family businesses make it from the first to the second generation, only 12% make it from the second to the third, and only 4% make it beyond generation three. So it’s no surprise that taking over a family business which has succeed for...
