Family business: Seeking expert advice key to sustained success

We talk to leading business advisors, who offer valuable insights on the choices open to family business owners

Brian Donaldson, CEO of The Maxol Group; Damien English TD, Minister of State for Business, Employment and Retail; and Marian O’Gorman, chairperson of Kilkenny Design, promoting the Champion Green movement, which Maxol joined to show its support for family businesses and SMEs.

Having the foresight to seek expert advice has ensured the success of many family businesses, as well as avoiding a lot of emotional strain.

Family businesses face many of the same issues and concerns that other businesses do, but face additional potential pitfalls in trying to balance business relationships with family relationships, says Conor Lupton, partner with law firm O’Flynn Exhams (OFX).