What are the biggest challenges facing family businesses right now?
23 September 2016
Family businesses are often perceived as an extension of the family itself, which gives rise to certain issues that do not exist in other companies.
These issues can include:
- Deciding if the company is run by the family or external professionals
- Preventing conflict and disruption of the business when leadership or business change occurs
- Being innovative whilst maintaining the family legacy and values
I was interviewed recently for the LexisNexis Private Client hot topic series to talk about all these challenges and more. You can watch it above or by clicking here.