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Good family succession planning requires a lot of detailed work, strong communication, honest conversations, fairness, clear goals, robust process and ultimately decisions. Short-cuts, avoiding difficult conversations, weak compassion, self-interest and superficial work are some of the common failings. But the…
When you have no vision for the future, you will turn back to your past. And in business, living in the past is a sure road to failure. But crafting your future as a continuously evolving journey will ensure you…
Successful family business succession requires entrepreneurship not only in the current generation but more importantly in the future generations. Succession is not about passing on the business of today but seeding the capability to create the business for tomorrow. If…
In business, as a leader, risk is something you must embrace if you are to grow your business and succeed. But you cannot walk this path alone, and you need everyone else in your business also to be comfortable with…
Possibly one of the hardest tasks in family business succession is for the existing leadership team to release their way of doing things which have built the successful business that exists today. And to allow the new leaders free reign…
