Family Members bring more then youth to the Family Business

One of the major difficulties faced by Family Businesses as they face the future is the difficulty of engaging Family Talent.  Many Founders, Owners, Entrepreneurs believe that with them lies stability and growth and with the next generation lies chaos.  Planing for the future includes the education the next generation and as a famous fictional character ones noted it is necessary to “Make it so”.  To look to the talents and experience of the next generation is vital to the change, growth and development of the Family business.recent UK PWC stats point to 70% of the second generation and subsequent generations working first in other places and then being prepared to use that experience to develop the Family Business.  That is the statistic, the trap is for the 1st Generation, not enabling, empowering or tapping that homegrown resource.

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