Facing the challenge of family business

The Key Challenges

There are so many challenges that arise from mixing business with family. One of the biggest is around succession.

Many family businesses struggle with managing the trade-off between control and delegation and this can cause friction between members of different generations, as well as between family and non-family members.

Another key challenge is the balance between long-term, family-focussed goals and the business goals of increased productivity and in-the-moment operations.