Succession Planning

Picture of John Broons
John Broons

John Broons is a globally awarded family business expert. One of only three people in Australia to hold the coveted title of Fellow of Family Firm Institute (Boston, USA), John has dedicated his working career to answering the question: how do I guide and support families in business to a place where they’re thriving?

Succession planning and stewardship in family business

I have found that many family businesses often lack the necessary preparedness for a smooth succession of ownership. It’s a surprising reality that can have long-lasting consequences for the future of these family businesses. Today, I want to shed light on the importance of succession planning and introduce you to an alternative approach: stewardship. By exploring the differences between the two and emphasising their significance, I hope to inspire family businesses like yours to create a solid foundation for transferring ownership and ensure the legacy lives on.

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Simplifying succession planning

Simplifying succession planning

As a family working together in business, implementing a succession plan can be critical for ensuring your company’s longevity and continued success across generations. Here’s a simple, step-by-step guide that will help you navigate the process.

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