The Family business, once a staple of British industry, is disappearing. Although two thirds of UK industry is made up of family business, fewer than 13% survive beyond the second generation.
A generation ago, family firms were thriving and the heirs were jumping at the chance of income, job security and ultimately the sense of pride of taking over the family legacy. But nowadays the future of family businesses is not so certain, children are choosing to follow their own career paths and are more reluctant to carry on the legacy and tradition of the family business.
Each year 30,000 businesses close because they can’t find someone to take over. With the help of leading business expert Alex Polizzi, the second series of this hugely successful programme, will guide and advise family businesses through some of the trials and tribulations a family run company can face – whether it’s how best to plan for the future and preserve the legacy of previous generations, or looking at ways to improve profitability and diversification and developing the business to make sure it’s a success for years to come.
Twofour want to hear from struggling family businesses who are finding it tough in the current economic climate and who are uncertain about the future of their business. To find out more please contact Celia 0207 438 1918 or email [email protected]
