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.
How to talk about the family business during holidays
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.
How to handle family business disagreements
Business disputes can be difficult at the best of times. However, in family businesses, it’s even worse.
Good planning means fewer arguments: Key considerations for family businesses
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.
These entrepreneurial siblings quit their corporate jobs to make prosecco chocolate
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.
Preventing a hostile divorce: Six unfortunate family business considerations
If you are setting up a family business, it is sensible to consider what could happen to it if your relationship breaks down.
Family members running a business is bad news? What absolute garbage
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”.
Three difficult conversations every family business needs to have
Family businesses are the mainstay of the UK economy, accounting for more than a third (36%) of employment, and generating over a quarter of UK GDP. But running a family business presents a unique set of challenges.
Family business operators worried business will die out upon retirement
Around a third of family business leaders are not convinced younger generations are ready to step up and run the company when the time comes.
What I’ve learned from running a family business
When you hear the words family business it might bring to mind a slightly parochial “mom and pop” store or family-run restaurant. My own was founded as a grocer’s shop in 1940s Grimsby, and has grown into a leading wholesale exporter of British food and drink.
The good, the bad and the ugly: Going into business with friends and family
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.
Going into business with family: Don’t be afraid of disagreements
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.