Family Business Succession: A Briefing

Business & Finance, Personal Finance, Retirement Planning, Career Planning & Job Hunting, Small Business
Cover of the book Family Business Succession: A Briefing by Cecilia Hegarty, Oak Tree Press
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Author: Cecilia Hegarty ISBN: 9781846211201
Publisher: Oak Tree Press Publication: August 10, 2012
Imprint: NuBooks Language: English
Author: Cecilia Hegarty
ISBN: 9781846211201
Publisher: Oak Tree Press
Publication: August 10, 2012
Imprint: NuBooks
Language: English

A‘family business’ is an operating business in which members of the same family have most of the power. Family businesses face increasingly complex issues that affect not only the future of the business itself, but also that of its owners, their family and their employees. Always, the owner must reconcile their own and their family’s aspirations with the commercial goals of the company. The chances of family business survival can be increased if the life-threatening questions are tackled ‘early on and head-on’ and all key stakeholders are involved in planning the future of the company and their role in it. This brief guide provides family business owners, family members and non-family employees working in family firms with guidance for succession planning.

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A‘family business’ is an operating business in which members of the same family have most of the power. Family businesses face increasingly complex issues that affect not only the future of the business itself, but also that of its owners, their family and their employees. Always, the owner must reconcile their own and their family’s aspirations with the commercial goals of the company. The chances of family business survival can be increased if the life-threatening questions are tackled ‘early on and head-on’ and all key stakeholders are involved in planning the future of the company and their role in it. This brief guide provides family business owners, family members and non-family employees working in family firms with guidance for succession planning.

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