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Exploring Family BusinessAuthor: Natalie Wright, Head of Family Business at Mazars UK
At Mazars, we believe family businesses are unique. In this podcast, we address the issues, challenges and opportunities associated with operating, growing and succession planning for your family business. Language: en Genres: Business, Entrepreneurship, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Recipe for Success – The Story of How a Successful Family Business Transitioned Between Generations
Episode 6
Thursday, 14 July, 2022
A lack of succession planning is the number one reason family-owned businesses fail to survive. But for those who intend to pass on the business to the next generation, assumptions about how the transition will work without clear communication and an agreed structure can have a devastating effect on the business continuity and personal relationships.In 2010, Gavin Howarth started working at his family business, Howarths, an HR and employment law firm. In 2013, Gavin became the Managing Director, following many open discussions and careful planning. His parents subsequently implemented the transition of ownership to Gavin, which saw him become the majority shareholder.As a NextGen leader, Gavin has had to find his own management and leadership style to remain authentic, feel confident, maintain a good relationship with his father, and build on the values that created the business. In this episode, Gavin shares his experience so that other businesses can thrive.GuestGavin HowarthHowarthsThe Howarth Foundation
