A recent survey from PwC highlighted some very interesting figures from the firms that it surveyed. 

With only 23% of surveyed firms having a documented succession plan it would suggest that there is a need for family firms to consider this in more detail. 

Having a strategic plan that provides a link between the reason the business was started with a long term vision can help. 

Aligned with this should be a clear idea of what the business owner would like their legacy to be. Aligning all of these factors will assist with this 'missing middle'