Family Business Succession

A recent study of Family Businesses revealed that Australia’s ageing family business owners have a big problem. According to new research on the family business sector, 45% are actively planning to sell their businesses and 61.3% would seriously consider selling now. On top of this, 25.2% of family firms say they have been approached regarding a sale in the last 12 months. There is just one problem – these business owners, who control a large chunk of Australia’s $1.6 trillion family business sector, are simply unlikely to get enough from the sale to fund their retirement. To read more about this, please go to the original article “No exit for family business” that was sent to me by electronics expert Ray Keefe of Successful Endeavours in Melbourne.