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Families in Business: Next generation planning

Posted on 26 September 2025

Planning can only be a good thing.  All businesses are dynamic and family businesses are no exception. In fact, dynamism to react to changing circumstances, whether internal or external, is vital to secure the survival of the business beyond the short-term.   

It is common for individuals involved in family businesses to work later into their lives than people who have, for example, spent their careers as employees in large organisations. The nature of a family business is that it is more than just a job: it is a way of life.   

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