Thursday, September 14, 2017

The landscape industry (private sector) in 10-20 years time.

I am very worried.

Many landscape companies are family run organization. The succession plan usually is usually passed to the descendants or the trusted members within the family. If there is none of the children willingly or able to take over the business, there will be a trend that many would end up being selling the company to overseas developing giant country corporation.

There will not be many local owned landscape companies in 10-20 years down the road.

The phone call that I received yesterday triggered this thought. My friend’s health is not getting any better; he has no descendants; he has been always relying on foreign labour/worker/manager to run the company. Now he wants to sell his landscape company.

We are facing a manpower succession that is in competition with the public sector.

Is this a trend of a developed country?