A lack of succession planning is the number one reason family-owned businesses fail to survive. But for those who intend to pass on the business to the next generation, assumptions about how the transition will work without clear communication

The Great Transition – 2022 and the Acceleration of Succession

Jul 7th, 2022 46m 32s

Family businesses go beyond numbers. Most act according to family values and ethical principles, embrace responsible capitalism and positively impact their local communities. This means they are generally better positioned for long-term success

Family Business Funding in a Post-Pandemic World

Jun 30th, 2022 22m 24s

In March 2022, the Bank of England raised interest rates by a quarter of a percent. This was quickly followed by an identical raise in May and June, bringing the base rate to 1.25%, the highest rate we’ve seen in over thirteen years. At the sam

Helping Next-Gen Family Entrepreneurs Forge Their Own Paths

Jun 23rd, 2022 36m 3s

Taking over the family business can be a real turning point, with many variables and questions. Should you follow in the footsteps of those who led before you? Do you maintain the status quo? Is now the time to leave your own mark? Is this oppo

Succession: a personal story

Jun 16th, 2022 34m 27s

Taking over a family business brings with it many responsibilities. That shift in decision-making and autonomy can affect the dynamics of the company and the family. But some families have transitioned successfully. So what made the difference

How to prepare NextGen to run your family business

Jun 16th, 2022 25m 5s

In season 3 of Exploring Family Business, we address the topic of the NowGen to NextGen transitions. We will explore both the personal and practical aspects of handing over ownership and the management of a family business and the challenges an

How inflation, competition for talent and rising employment costs could affect your family business

Jul 19th, 2021 34m 35s

The final episode sees George Lagarias (Chief Economist at Mazars in the UK), join Natalie Wright to discuss the economic landscape and how its affecting family businesses in the UK. We touch on various sectors including manufacturing, retail,

Employee owned trusts: an alternative route to succession

Jul 11th, 2021 23m 35s

In the penultimate episode, Natalie is joined by Paul Joyce, a partner in Mazars’ Mergers and Acquisitions team. They discuss employee-owned trusts as an alternative route to succession. Trusts come in many different structures that can be incr

How to preserve your wealth

Jun 27th, 2021 30m 11s

In the 4th episode of season 2, Natalie is joined by Zoe Peck, a Tax Advisory Partner for Mazars, to discuss how different tax structures can be used pre, post, and during the transition of succession. They consider different options available

A legal framework for succession

Jun 20th, 2021 25m 56s

In the 3rd episode of season 2, Natalie is joined by Andrea Jones, a Partner in the Private Business Wealth Team at Irwin Mitchell. Both discuss the legal framework that business owners and leaders should consider as ‘must haves’ to ensure that

Navigating the emotional side of succession planning

Jun 3rd, 2021 32m 29s

In our 2nd episode, Natalie is joined by Russ Haworth, a Family Business Consultant and founder of the Family Business Partnership. Russ is also the host of the widely acclaimed Family Business podcast, which he launched in 2017 https://fambizp

Preparing your business for succession

Jun 3rd, 2021 20m 55s

For the first episode of season 2, Natalie is joined by Alan Frost, Partner in the Consulting division of Mazars and the third and final generation of his own family business. They discuss how essential it is to involve both family and non-fami

Engaging the next generation

Oct 29th, 2020 36m 33s

Entering into the family business and the experience it offers – 3m 30It can be difficult to know what you want to do in life as a career and for Chris, he was toying with the idea of becoming a painter and decorator. However, plans changed whe

Succession planning

Oct 22nd, 2020 34m 53s

How to approach must-have conversations – 4m 34Succession must be talked about but how do you bring it up and where do you begin? Dave and Oliver tell us that it’s all about understanding what you want to achieve and when. Identifying personal

Social media and digital strategy

Oct 15th, 2020 33m 3s

Understanding what digital activity is – 3m 10Digital activity can vary for different clients. Some clients need you to write a strategy, some need you to guide them on how best to go about marketing their businesses. Some people need you to he

Buying a family business

Oct 8th, 2020 34m 7s

Dealing with personal relationship dynamics – 3mWhen running a business with a spouse, it can be tricky to understand who takes the role of leader. To make this a bit easier, try to separate home and work life and set defined roles, responsibil

Sustainability and growth

Oct 1st, 2020 40m 39s

In this episode, the importance of building a sustainable business and the competitive advantage a family business can bring to the table are discussed along with understanding the importance of non-family board members, bringing in the next ge

Governance and having an external sounding board

Sep 24th, 2020 33m 49s

The meaning, purpose and importance of governance – 5m 25Governance is something that can be an afterthought or ignored because it may not have much urgency or can be outside comfort zones. However, it’s incredibly important as it attends to th

Transformation and innovation

Sep 24th, 2020 33m 9s

Transitioning to business leaders – 4m 24While content in their own personal careers, both Hannah and Tom were asked by their Father to be part of the family business. Throwing themselves in the deep end, they were able to see how different the

The family business sector in 2020

Sep 24th, 2020 40m 53s

The biggest challenges for family businesses – 6m 16Looking at the current environment and crisis management aside, Natalie, Paul and Mairi discuss the biggest challenges for UK family businesses and decide whether communication plays a fundame

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