As your family business embarks on a self-reflective journey, family members must take stock of where their business is and where they want it to go.

Chances are, if you are reading this, you have an interest in family-owned businesses, or you own one or work in a business which has similar dynamics and challenges.

To understand what is happening in your business it is essential to ask yourself a few questions in order to diagnose its wellbeing.

You can look for signs that transition is taking place or identify any issues that could get in the way of succession planning.