Why do so many family businesses struggle so much with survival beyond the first generation? Richard Hughes from Burges Salmon explains why.
Ben Copper, founder of family run business Nutshell Construction, shares his top tips for creating a smoothly run family business.
For many people, the notion of an ‘heir apparent’ or ‘successor’ is usually only reserved for history lessons, or the frenzy surrounding a Royal birth. But when it comes to business – and family-owned companies, in particular – the principle of succession plays a vital part in securing the future sustainability of a business.