PwC's Private Clients team spoke to more than 200 next generation family business members in 21 countries who are likely to take over the family business.
To achieve a successful succession, a family business needs to bridge three gaps:
Mark Whitby, Managing Director, The Whitby Group discusses the pressure of being the second generation. He talks about his decision to join the family business, his plans for the future, and how he's managed succession with his parents and siblings.
Mark Whitby is the Managing Director of his family's 7-hectare tourist park in Canberra. The business was purchased by his parents in 1989, and the site has recently gone through a major A$9m revamp which increased capacity from 500 to 850 beds, as well as rebranding under the Alivio name. But that's only the start: the family see great potential to expand the business.
About the Whitby Group
Joining the family business
Advantage of being a family business
Mark's proudest moment working in the family business
Biggest personal challenge
PwC’s Private Clients team spoke to more than 200 next generation family business members in 21 countries who are likely to take over the family business.
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