Preparing your business for succession

Episode notes

For the first episode of season 2, Natalie is joined by Alan Frost, Partner in the Consulting division of Mazars and the third and final generation of his own family business. They discuss how essential it is to involve both family and non-family members in designing a general business plan, so the business can thrive. Defining the aims, value, and mission will lead to more open conversations around succession planning and will help determine who the future owners, leaders and managers of the business will be, accepting that these roles are not synonymous. By aligning your business plan and succession plan you will ensure that the business has the best chance of long term continuity and success, and when the time comes you will be ready to hand over the keys. If you have any questions or have show suggestions, please email contact@mazars.co.uk Hosted by Natalie Wright, Head of Family Business at Mazars UK Guest Alan Frost, Partner Mazars Consulting Alan.Frost@mazars.co.uk Links Mazars Family Business Services Family Business Survey 2020

• Recipe for Success - The Story of How a Successful Family Business Transitioned Between Generations41 / 100
• The Great Transition - 2022 and the Acceleration of Succession35 / 100
• Family Business Funding in a Post-Pandemic World35 / 100
• Helping Next-Gen Family Entrepreneurs Forge Their Own Paths
• Succession: a personal story