Admitting when things aren't quite 'right' between family members communication difficult conversations difficult times family business in five succession top tips

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...

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How do you conquer the fear of change in a family business? change communication difficult conversations family business in five leadership top tips

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...

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When will my parents hand over their shares? family business in five

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...

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Following in the footsteps of an amazing entrepreneur family business in five

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...

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My Dad won't talk about Succession family business in five

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...

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I don't want the family business to fail on my watch family business in five

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...

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