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IPEX 2017, 31 Oct - 3 Nov 2017, NEC Birmingham UK

Failing to Plan is Planning to Fail: So, What Keeps You Awake at Night?

IPEX Education Programme

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Failing to Plan is Planning to Fail: So, What Keeps You Awake at Night?

31-Oct-2017
The Future Skills Theatre
Future Skills Seminars

We know that mixing business and family can be a big ask, but the challenges and issues they face are the same in all family firms. Through Anita's many conversations with family run enterprises across all sectors, there are many common issues:

  • Lack of communication around successions plans
  • Lack of understanding exit options
  • Rivalry and tension between siblings, cousins and other relatives both in and out of the business
  • Parents unable to take a step back or to completely let go
  • Competence and commitment of family members working in the business
  • Long term survival of the business in the market
  • Wealth protection
  • Clarity of roles and responsibilities
  • Preparation and leadership development for the next generation
  • Aversion to risk in the senior generation v innovation and ambition in the next generation
  • Pressure from shareholders and partners not involved in the business
  • The family effect on employees
  • The drop dead policy
     

In this session, Anita will be discussing how to go about opening up the lines of communication in order to tackle these problems, and the process of what's involved in ensuring success in transitioning from one generation to the next. It's all about the journey, plain speaking, honesty, trust and clarity for all. Are you ready to tackle the elephant in the room?

Speaker(s):
Anita Brightley-Hodges, Managing Director - Family Business Place

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