Latest research from STEP highlights the vital need for family business owners to talk and plan to keep their legacy, relationships and...

For family businesses, the question of “what’s next?” can be as complex as it is personal. Many families are currently weighing whether to transition the business to the next generation or consider a partial or complete sale. With recent changes to Business Property Relief (BPR) and Agricultural Property Relief (APR), there’s a renewed need for thoughtful planning. Enter “patient capital,” a form of investment that offers family businesses the time, flexibility, and stability

The exit of your family office team is inevitable. The time to take action is now and preparing now will help ensure a transition that...

Family businesses across the UK are now at a more pressing crossroads, with recent changes to Business Property Relief (BPR) and Agricultural Property Relief (APR) announced in the UK Government’s Autumn Budget. These adjustments are pushing many families to reconsider their options—whether passing the business to the next generation remains viable or if a sale may ultimately serve the best interests of the family, their employees, and the communities they support. The questi

In today's volatile economic and political landscape, businesses face unprecedented challenges. Inflation, interest rates, supply chain...

Succession planning – could employee ownership be right for your family business? Five million. That’s how many family businesses there...

In recent years, the term 'silver tsunami' has gained traction among demographers, economists, and policymakers. It vividly describes the...

Family-owned businesses in Japan have thrived using their model of succession, adoption, and stewardship, their "do well, do good, do right" ethos, and their powerful concept of "beyond self."

One of the most common sentiments I hear from family business owners is, “I don’t know if my children are interested in coming into the business. I certainly don’t want to force them; they have to make their own minds up.” It’s an admirable approach—one that respects the autonomy and individual paths of the next generation. But, while the intention behind this sentiment is commendable, the reality is often more complex. The question we need to ask ourselves is this: Are the c

Family businesses are pivotal to the global economy, significantly contributing to employment, innovation, and community stability. As...

Family business succession planning is a critical yet often overlooked aspect of managing a family-owned business. With a vast majority...

Successful family business succession is a key topic of conversation in the boardrooms of family businesses the world over. It has...

In 2020, Alex Scott, stepped-down from his role as Chairman and CEO of Applerigg, a private, family-owned business built on the...

Succession planning is the linchpin for the longevity and continuity of family businesses, yet it remains a daunting challenge for many....

The issue of succession for a family business is bound up in a complex combination of commercial and personal issues. In business terms,...

In some senses, the legacy of any business is a slightly nebulous concept, but the thing which tends to set family businesses apart from other businesses is the degree to which people are personally as well as financially and professionally invested in them. This means that the way the business is set-up, managed and run on a day to day basis is much more likely to provide a reflection of the values of the family members who own that business, and it is the continuation and u

Planning ahead for the future of your family, or your business is key. Succession can be both planned and unplanned. An event of...

Succession planning is a crucial aspect of ensuring the longevity and prosperity of family businesses. As the torch passes from one...

Family business succession planning is a complex and challenging process that involves transferring leadership and ownership from one...

Over the past few decades, Behavioral Economics (aka Behavioral Finance) has focused on what most psychologists have been studying since...