A good piece on the state of the nation for Australian family firms where there is a growing number of businesses where succession and transition to the next generation is likely to take place over the next few years.  

A lot revolves around communication and creating frameworks to distinguish between what is work and what is family, allowing both to operate side by side.

A good piece that should resonate with family business owners the world over and how to tackle what for many is the elephant in the room - succession and the transition from one generation to the next.  One thing I do know is that failure to discuss and plan can lead to lots of issues down the line...

Succession is a major challenge for many families around the world - check out our free article bank for more insights an great articles on the topic here