Kirsten Albrecht knows the importance of business succession planning more than most - she did it the hard, and sometimes painful way. She's Managing Director of Melbourne's exclusive Kozminsky jewellery business, which has traded for 150 years. Her father ran it for almost 40 of those years, and she took over when he died. But the transition was far from smooth, and Kirsten Albrecht says that many small businesses can learn from her father's lack of planning.
Kirsten Albrecht knows the importance of business succession planning more than most - she did it the hard, and sometimes painful way. She's Managing Director of Melbourne's exclusive Kozminsky jewellery business, which has traded for 150 years. Her father ran it for almost 40 of those years, and she took over when he died. But the transition was far from smooth, and Kirsten Albrecht says that many small businesses can learn from her father's lack of planning.