Family businesses make up 70% of Australia’s economy, but only a small percentage survive past the third generation. In this episode of Future Fit Leadership, we sit down with Kirsten Taylor Martin, accredited family business advisor at Grant Thornton, to uncover what it takes to build lasting success in family-run enterprises. Kirsten shares insights on the critical areas of succession planning, family governance, and the rising generation’s role in wealth preservation.

Kirsten shares key insights on:

• Succession Planning: How to smoothly transition ownership and leadership across generations.
• Family Governance: Strategies for fostering communication and alignment within the family.
• Sustainability & Legacy: How family values contribute to positive community and environmental impact.
• Wealth Preservation: Preparing the rising generation with the financial skills and mindset to protect and grow family assets.

We also explore the unique strengths and challenges of family businesses, from legacy building and effective communication to the increasing focus on sustainability and diversity. Whether you’re in a family business or simply interested in what makes them tick, Kirsten’s insights offer practical guidance and fresh perspectives on creating a legacy that thrives across generations.

Tune in to discover how family values and smart planning can ensure a lasting impact.