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Family Businesses in the UK
Percentage of businesses in UK Private sector
34%
Other

66%
Family
Businesses

Family Busines...
Training in UK SMEs
% of UK SMEs training staff in 2012
70%
60%

60%

50%

40%

40%
30%
20%

10%
0%
Some training

No trai...
Therefore…

Approximately
of
family businesses in the UK
are not training their staff!
Call a specialist training Advisor ...
Why is training so
important for family
businesses?

Call a specialist training Advisor at
Pathway – 0121 707 0550
Why is training so important for
family businesses?

than 50 per cent of
family businesses plan to
transfer ownership to
f...
However

Half of these said they had
concerns about whether
their successor had the
aptitude, skill and drive to
grow the ...
Training is linked with success
in family businesses

• The common phenomenon of third generation syndrome
is well known…
...
Engaging with the next
generation
•

The Institute for Family Business (IFB) identifies this as a key
challenge for family...
Engaging with the next
generation
• The (IFB) highlights areas the next generation need to be
aware of:

•
•
•
•
•

Joinin...
How can you define
training needs?
Call a specialist training Advisor at
Pathway – 0121 707 0550
Define the key attributes
• What skills will a future leader in the business need?
•
•

•
•

Job challenges – Specific cha...
Assess Strengths &
Weaknesses
• A clear and honest view of strengths
and weaknesses is needed. To do
this, you can use:

•...
Identify development
opportunities – and develop…
• What are the gaps between the key attributes needed
and the strengths ...
Monitor and support

• The development must come from the person looking to
grow into the role, you need to provide:

•
•
...
Pathway Group
•
•
•

•

Working with family businesses across the UK
Helping them assess their training needs for family a...
Will your family business survive without training the next generation? training in a family business
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Will your family business survive without training the next generation? training in a family business

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Can family members become apprentices in the family business?
employing apprenticeships in a family business? Businesses often need staff who can combine technical knowledge and training within your family business, you may be eligible to receive funded training for your own family members in your family business. Family firms that are also keen to play their part in developing the skills of young people for work and employability please contact us on 0121 707 0550 or email: info@pathwaygroup.co.uk

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Will your family business survive without training the next generation? training in a family business

  1. 1. Family Businesses in the UK Percentage of businesses in UK Private sector 34% Other 66% Family Businesses Family Business Other Call a specialist training Advisor at Pathway – 0121 707 0550
  2. 2. Training in UK SMEs % of UK SMEs training staff in 2012 70% 60% 60% 50% 40% 40% 30% 20% 10% 0% Some training No training This is lower when you look at businesses of 20 staff or less Call a specialist training Advisor at Pathway – 0121 707 0550
  3. 3. Therefore… Approximately of family businesses in the UK are not training their staff! Call a specialist training Advisor at Pathway – 0121 707 0550
  4. 4. Why is training so important for family businesses? Call a specialist training Advisor at Pathway – 0121 707 0550
  5. 5. Why is training so important for family businesses? than 50 per cent of family businesses plan to transfer ownership to family members… Call a specialist training Advisor at Pathway – 0121 707 0550
  6. 6. However Half of these said they had concerns about whether their successor had the aptitude, skill and drive to grow the business Call a specialist training Advisor at Pathway – 0121 707 0550
  7. 7. Training is linked with success in family businesses • The common phenomenon of third generation syndrome is well known… • ‘The first generation builds the business, the second generation grows the business and the third generation destroys it’ Call a specialist training Advisor at Pathway – 0121 707 0550
  8. 8. Engaging with the next generation • The Institute for Family Business (IFB) identifies this as a key challenge for family businesses and looks at: • • • • • Inspiring the next generation without applying unfair pressure Allowing the next generation to set their own path Developing a parenting/management style that fosters autonomy Empowering them by providing training and career development Helping to create a career development plan Call a specialist training Advisor at Pathway – 0121 707 0550
  9. 9. Engaging with the next generation • The (IFB) highlights areas the next generation need to be aware of: • • • • • Joining the business should be a choice not an obligation They will need experience and self confidence (possibly gained elsewhere) They will need extra skills (beyond a normal business) They will need credibility as well as competence They will need passion and commitment Call a specialist training Advisor at Pathway – 0121 707 0550
  10. 10. How can you define training needs? Call a specialist training Advisor at Pathway – 0121 707 0550
  11. 11. Define the key attributes • What skills will a future leader in the business need? • • • • Job challenges – Specific challenges they will be faced with Organisational knowledge – knowing the key processes and operations of the business Competencies – Are there key skills that will be required? Personal attributes – which personality traits are going to be important? Call a specialist training Advisor at Pathway – 0121 707 0550
  12. 12. Assess Strengths & Weaknesses • A clear and honest view of strengths and weaknesses is needed. To do this, you can use: • • • • Simulations or observation – judge by evaluating real life situations Surveys of managers, peers and stakeholders Behavioural interviews – Assessing response to key stimuli Personality assessment – what traits do they have which could help or hinder them Call a specialist training Advisor at Pathway – 0121 707 0550
  13. 13. Identify development opportunities – and develop… • What are the gaps between the key attributes needed and the strengths and weaknesses? • • • • Job challenges – Provide an internal project to lead and implement Organisational knowledge – Where do they have a weakness? – immerse them in that function Competencies – Which key skills do they need to practice more? Personal attributes – Create exercises to work on key personality traits that will be important Call a specialist training Advisor at Pathway – 0121 707 0550
  14. 14. Monitor and support • The development must come from the person looking to grow into the role, you need to provide: • • Regular and honest feedback Coaching and support in development activity Call a specialist training Advisor at Pathway – 0121 707 0550
  15. 15. Pathway Group • • • • Working with family businesses across the UK Helping them assess their training needs for family and nonfamily members Supporting vital on the job training with structured training programmes Helping businesses plan their training needs Call Pathway to find out how we can help – 0121 707 0550 Call a specialist training Advisor at Pathway – 0121 707 0550

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