Succession planning: Don’t let your family business crumble
Too many family business owners don’t think of succession planning. Succession expert Rochelle Clark shares why that’s a problem.
Too many family business owners don’t think of succession planning. Succession expert Rochelle Clark shares why that’s a problem.
For some families, the holidays are a ?no fly zone for conversations about the family business. This needn’t be the case, according to Rochelle Clarke.
By Staff writer
Business disputes can be difficult at the best of times. However, in family businesses, it’s even worse.
By Staff writer
The corporate and commercial team at Hillyer McKeown has found a common golden thread when it comes to family businesses: good planning means fewer arguments. Here’s guidance based on frequently asked questions from clients such as ownership and how to protect your assets.
With Easter fast approaching, Real Business spoke to Jay Rawal, one half of the brother-and-sister team behind luxury British chocolate brand, The London Chocolate Company.
By Staff writer
If you are setting up a family business, it is sensible to consider what could happen to it if your relationship breaks down.
Most people have heard the old generalisation, ?those who can, do, and those that can’t, teach?. But less commonly known is, ?those that know business, become entrepreneurs, those that don’t become city academics?.
By Staff writer
Going into business with friends and family is a popular route for many entrepreneurs and for good reason. You already know each other’s strengths, weaknesses and passions, plus the likelihood is that you came up with the business idea together so you are both hugely invested in it.
By Staff writer
Tricia Cusden, founder of pro-age beauty brand Look Fabulous Forever, looks back on the experience of going into business with family specifically, her two daughters.
By Staff writer
It’s often been said that family business underpins the UK economy. From small enterprises to large behemoths, more than 30,000 family owned businesses operate in the UK, generating £1.3tn in turnover, more than one quarter of the national GDP and employing over 12m people.