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Wednesday, February 26th, 2014

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A great day today at Henley Business School teaching about succession as part of the Family Business MBA Elective. It’s reassuring to know the future of some significant family businesses are going to be in great hands. I hope I have given them a few useful tips to start them off on their journey.

Here were a few of my key message for those thinking of one day joining their family business:

  • Be sure of your motives to join
  • Earn your role
  • Gain outside experience
  • Enter through a clear, objective recruitment process
  • Encourage feedback
  • Have clear development plans
  • Avoid family ‘favours’
  • Accept the same terms as other non-family employees in similar roles