"One of the biggest challenges I faced when I started working for the business was earning the respect of other people."
It's an important step for anyone in a family business to have experience outside of the family business itself.
We weren't thrown into the business at a senior leadership level, we've had to really work our way up.
The world's next generation of family business leaders are more confident, better prepared for senior roles and more ambitious than they were when we spoke to them two years ago. But while many of the old challenges remain - such as skills, succession and scale - two issues stood out this time around - one is how next gens are dealing with the challenges and opportunities of digital disruption, and the other is professionalisation - both of the business and of the family.
Want a high level summary of what's top of mind for next gen business leaders?
To mark International Women's Day we decided to look specifically at the next generation of women working in family businesses. What is their experience? What issues do they face? Do they have the ambition and support they need to succeed? If not, what factors are holding them back?
"I think we're held to a higher standard than other people, and actually we hold ourselves to a higher standard too, because it's our family business, and we live and breathe it every single day." - Mitchell Symes, Executive Director, Credit Repair Australia.
"We’re lucky enough to have a very open and inclusive set of family dynamics." - Tim Slattery, Director, Slattery Asset Advisory and Slattery Auctions.
Head of Wealth, Private Clients, PwC Australia
Tel: +61 (3) 8603 0280
Partner, Private Clients, PwC Australia
Tel: +61 (2) 8266 5427