One of the most common barriers to effective succession is simply a lack of money. The family business does not have the financial capacity to support all the generations of a growing family. Not all businesses will yield the wealth…
Mustering The Combined Talent And Effort Of Everyone In Your Business.
Your business is the sum of all the people who work within and with it. Its success rests with how well you engage with them to draw their combined talents and efforts to the forefront. Fail to do this well…
The Lost Ship – Future Leadership Has Not Been Built #succession
A business without an effective leadership team is like a lost ship sailing aimlessly with no destination in mind. But many businesses transition from one generation to another without investing adequately in its future leadership. Active Knowledge Question: Where…
A Profit-Bias Only Leads To Less Profit.
‘Profit, profit, more profit, I want it now, in fact, I wanted it yesterday’. Many businesses that chase the profit-first mantra end up with less profit than their business could otherwise earn. If they understood the catalysts of profits, they…
Fiery Relationships and Conflict #succession
Family harmony has not been achieved and conflict has erupted within the family. The likelihood of wealth compounding across generations has now significantly reduced. Efforts should be directed to restoring family harmony before moving forward with your succession plans. Active Knowledge…
