Transferring ownership and management of a family business to the next generation is complex. Some owners regard succession as simply a question of handing over a tried and tested way of running the business from one generation to the next. In fact, succession triggers a system change – a transition to a different business structure with a distinctive culture, a fresh approach to entrepreneurship and evolving ground rules.
This guide offers practical advice on how to ensure smooth succession of the family business to the next generation.
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