‘I cannot believe how they could have made that decision. Have they got no brains at all? What were they thinking? Or were they just not thinking?’ How would you describe your current management style? Are you a screamer, shouting…
Goodbye Old Friends #succession
‘I’ve been in business now for 40 years and I still have many of the people who started with me at my side. I feel obligated to them and need to protect them.’ Businesses are built on people and after…
Seeking Endorsement #Succession
As parents, we are sometimes unaware of the relationship we build with our children and how that may impact their behaviour. This can become particularly obvious in family business succession. ‘I’ve spent my life building the business so that I…
When Is The Right Time? #succession
Family business succession is sometimes a taboo topic as it is read as code for ‘you are getting old’. But failure to act at the right time can be fatal to the viability of a business. Placing discussions about the…
Providing For The In-Laws #succession
In most family business succession processes, the in-laws are excluded as beneficiaries and often from the entire discussion. This is not necessarily the most fruitful approach. Wealth normally passes along family or bloodlines. The common occurrence of divorce has led…
