Within a family business, there are many roles and responsibilities that the children can assume when dealing with both family and business matters. This is a great way to build working relationships across the next generation of family and business…
Investing In Harmony and Prosperity #succession
Growing your children’s independence is one of the best investments you can make to underpin the future prosperity and welfare of your family across generations. Active Knowledge Question: How are you investing in and growing the capability of your…
Build Independence Not Dependency #succession
Wealth can be a double-edged sword. Whilst it can bring many privileges it can also close off many opportunities, which may have profound effects on the welfare and prosperity of future generations in your family. Active Knowledge Question: Have…
The Many Roles Of The Family Charter #succession
Sometimes called a family charter, other times a constitution, legally binding or not legally binding, whatever form it may take, appreciating its role in the succession process is vital. Active Knowledge Question: Where would you see a family charter…
Give Them Time To Grow #succession
The default position of many families today is to sell their business if none of their children display an interest or are ready to take over the business. This can be a fatal decision when considering the long-term welfare of…
