FAMILY BUSINESS OF THE YEAR

This will go to a business, established by a family and still run by members and operating for at least five years.

Applicants will be judged on how the profitable business has increased its potential over the last financial year; the size and age of such the business will be considered against its financial performance.

The judges would also like to know how the business has demonstrated best practice in aspects such as working with non-family members, developing younger family members/future leaders, and implementing successful generation transitions.

ENTRY CRITERIA

Each point can be up to 500 words

  • Why should your business be the winner of Family Business of the Year?
  • Briefly outline how the development and growth of your business from the start along with the date that the business was established.
  • Please provide an outline of each of the following aspects of your business background:
    • 1. Its products/services
    • 2. Your markets/customers
    • 3. The competition
    • 4. The organisation/personnel
  • Provide as much information regarding the growth, turnover and profit.
  • Briefly outline how the development and growth of your business from the start along with the date that the business was established.
  • Please include any details relating to achievements in export as well as the development within ‘new’ markets.
  • Please give details of new product/service developments, new production methods and any research or development procedures planned for.
  • Please outline how the business measures successes in the following areas:
    • 1. Management, leadership and working with non-family members
    • 2. The development of young family members and future leaders
    • 3. Implementing successful generational transitions