Entrepreneurial retirement and family business: a perspective article

Abstract

PurposeThis paper highlights the need for studies that explore the experiences of entrepreneurs based in a family business setting who are considering retirement.Design/methodology/approachThis paper is based on a concise review of the literature.FindingsRetirement planning and subsequent succession management is a significant event in a family business and is an issue that requires research that captures and interprets the perspectives of the different stakeholders.Originality/valueThis paper synthesizes existing research on retirement in an entrepreneurial context, with an emphasis on family business and proposes three key areas of research.

Sustainability in family business settings: a strategic entrepreneurship perspective

“…Many indicators can be used to assess success in a family business. These include trust, sharing of vision, development of the organisation, confidence in management and human resources (Lobacz et al, 2016;Stephens, 2023). A key success factor for a family business is the creation of a legacy for future generations (Zapata-Cantu et al, 2023).…”

“…Identifying and securing the necessary resources and capabilities play a vital role in the sustainability of any business. In a family business these resources are invariably drawn Toska et al, 2022;Stephens, 2023). This can be limiting, and impact on the potential for development, innovation and sustainability.…”