Company: Simon Bloom Consultancy
Sector: Professional Services
Business Address: Brookside, The Rise, Edgware, London HA8 8NR
Answer - NO
I feel that the biggest challenge facing the family business is the capacity to have difficult and deep discussions.
Of course one of these discussions is succession planning but it’s certainly only one of a range of issues and it’s certainly not the biggest issue. I believe the biggest issue is the capacity to have a level of emotional intelligence, that is able to separate out business and family matters and at the same time have certain discussions that are much more difficult if you’ve got family’s involved.