Family Business: Planning for succession

FAMILY businesses which have stood the test of time and changes in leadership usually do so because of one thing – planning.

When it comes to succession they get their houses in order early, with clear communication as to what the process will be.

Experts warn that this can be a thorny process, particularly if there are skills gaps in the next generation.

Handing over the baton is discussed in our 20-page Family Business Supplement in association with North West accountants Hurst and Kuits S... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...