Follow us
Experts recommend that succession planning in family run businesses not be undermined. A PricewaterhouseCoopers (PwC) research found that 53% of businesses expect the company to stay in the family while 27% expect the management to change hands. It is also found that companies that have a clear and definite succession plan are able to chart their future business plans in a better manner. Situations such as a major illness or death of a major shareholder need to be considered, and accordingly procedures need to be created to facilitate smooth transfer of shares or position. It has also been reported that since 2007 family run companies have experienced tremendous stress and tension.
Viewed 143 times so far.
Like this? Tweet it to your followers!
Like this? Let your friends know now!
Latest articles from Tekhoi Editor
-
More Seniors Turning Entrepreneurs
posted on Friday, 11 March 2011 03:52
During the recession it was noted that older people were choosing to start their own…
-
Social Media can be a Vital SME Tool
posted on Wednesday, 09 March 2011 04:44
Experts recommend that SMEs use social media as not just a marketing tool but also…
-
SMEs Hope for a Productive 2011
posted on Saturday, 05 March 2011 06:07
According to a survey conducted by Barclays Business, UK small businesses are looking forward to…
-
FSB Question Time Debate for Small Businesses
posted on Tuesday, 22 February 2011 05:44
The Federation of Small Businesses, FSB, will hold a Question Time debate on March 17th…
-
Government Sickness Review Causing Worry
posted on Monday, 21 February 2011 08:54
According to the Trades Union Congress, TUC, government sickness review should not lead to workers…
< 
