A good insight from someone reflecting on their past performances and recognition that leaders can make mistakes - food for thought and well worth a read for next generation family members about to take on their first real management decisions as leaders.

Delegation, communication, strategic thought rather than delving into the detail, allowing people to do their job and the need to train, motivate and reward are key.

Family firms are well known for creating good teams of people and to get the best out of them, leaders need to allow them to flourish with the right amount of leadership and direction but it really is a fine line...