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Our 2025 Family Business Report highlights succession planning and generational differences as dominant themes. With over 30 per cent of the Rising Generation aged between 44–64, the findings reveal a delayed transition into leadership and a shift in mindset across generations.
Drawing on insights from over 125 Australian family businesses, the report explores how prepared families are for succession and whether their plans support long-term growth.
These insights provide a glimpse into the evolving landscape of family businesses. Download the full report to explore the complete findings and trends.
To explore how these insights apply to your family business and identify practical strategies, reach out to our team for a tailored discussion.
Hear from Kirsten Taylor-Martin, National Head of Family Business Consulting, as she shares key findings from the report. Kirsten also interviews Matthew Beard, CEO of A.H. Beard, who offers personal insights into his journey as a member of the rising generation stepping into leadership.
In estate planning, the focus is often on technical elements like drafting a will, appointing executors, minimising tax, and ensuring assets pass as intended. While these steps are important, they only form part of the picture.
The 2025 Grant Thornton Family Business Report revealed that only 19 per cent of family businesses have a documented succession plan in place. This finding is both striking and concerning, especially at a time when generational transition has never been more complex, and the stakes have never been higher.
The 2025 family business survey found that 63 per cent of family businesses are already mentoring rising generation family members; 60 per cent are gradually integrating the rising generation into decision making and 31 per cent are engaging external advisors to support development.