A good insight into the challenges around succession in that many firms, family firms included, leave succession planning off the agenda as they feel that it is something that will just sort itself out at the right time.  Sadly, there are too many well written examples of this not being the case, families being disrupted by a process down the line, and siblings/cousins falling out with each other.

A proper process, started early enough, with clear communication can empower an organisation, ensure a swift and effective leadership transition and help family firms turn the succession process into a positive vehicle for their business.

Nobody says that it is going to be easy, but with thought, planning and engagement, honest and open conversations, it has to be better than just continually deferring the inevitable!