Succession Planning in Family Businesses

A report from PricewaterhouseCoopers finds that British family firms are failing to adequately plan for succession in their businesses.

Some 1454 family businesses from 28 countries were surveyed and only 30% of British family firms had chosen a successor compared with the international average of 50%.

Government policy, legislation and a shortage of senior skilled staff were identified as areas of concern by UK family businesses.

Read the report here and for further details on business planning and resolving the skill shortages visit DAW Consulting website.