The 10 traps of taking control

Putting succession into the 'too hard basket' will only end in disaster. Keep it simple, starting with this 10-point family business cheat sheet.

The succession process has been fraught with issues and complications since the first caveman’s son asked him to hand over his flints. It’s formed the subject matter of stories and dramas for as long as we’ve had recorded words, and will undoubtedly continue to do so.

When a business is involved the stakes ramp up enormously because, as well as personal and family concerns, the lives, careers and welfare of many employees, other stakeholders and their dependants are riding on getting the process right.


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