The Australian Small Business and Family Enterprise Ombudsman, in conjunction with Family Business Australia, has released a new online
guide to succession planning - the “Introductory Guide to Family Business Succession Planning” - which provides a step-by-step
guide to passing the family business on to the next generation.
A recent report revealing that 54% of family businesses have no documented succession plan in place and no retirement plan for the current
CEO.
The easy-to-read guide offers tips on how to handle tense conversations that can arise between family members throughout the transition
phase.
The guide is free and available on both the Family Business Australia and the ASBFEO’s websites.
