Succession Planning is a subject that will affect most if not all family businesses at some point.
It can be difficult to start the discussions needed to begin this process but hearing how other family firms have approached and successfully navigated this can be of huge benefit.
This is a great article in The Guardian and tells the story of Little's Chauffeurs.
I was fortunate enough to talk to Heather for an episode of The Family Business Podcast and you can listen to the episode here
Dad had started the business in his 20s, and was not used to taking advice from others. I now know that this is one of the hardest things for family businesses to navigate successfully. My advice to anyone passing on or taking over a family business is to get external help.