Generally enterprises are growing across all sectors and industries, and businesses are adapting to changes in technology and the competitive environment. Strains arising from family relationships gone sour, from business transfer decisions and subsequent disentanglements from the business, and from the lack of detailed succession planning to NextGen – are all evident.
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succession planning
What emotions face the owner of a small business when a key member of staff tells them they are leaving?
Mixed emotions!
Many business owners, MDs and directors of companies have said to me “If only we could have done something to prevent that decision”? In a smaller business the chances are that little preparation or succession planning has taken place.
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January, a busy month for directors, owner managers and managers of all types of organisations Without giving too much detail away, we are assisting in a) Writing a business plan for one client – appears late I know but …
Read more →Nearly two thirds (62%) of UK SME owners often make difficult business decisions on their own with 9% having nobody to turn to for advice
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There are c. 200,000 family owned businesses in Ireland.
Recently I was contacted with a query on support for family businesses, and it led me to think about the many family owned companies we work with in Celtar. The high proportion of our family business clients is not surprising.
Family owned and managed businesses have their own unique characteristics, a shared history and experience, loyalty and deep commitment.
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