Families are families and businesses are businesses, but what makes each successful and enduring? I recently heard a family member say that a family will stay close even if there is no business activity to connect them. Every family is…
A Place For Everyone And Everyone In Their Right Place #succession
Effective and successful businesses exist because they have the right people in the right places doing the job for which they are best suited. When family businesses transition it is an opportunity to optimise this principle. The whole question of…
The Role Of Spouses In Achieving Harmony #succession
Typically, succession in family businesses involves the founder and the next gen finding a way in which they can work together to transition the business. It’s often a ‘bumpy ride’ and can lead to conflict and disharmony on the home…
The Exiting Generation And The Art of Letting Go #succession
In succession, it’s common for the exiting generation to believe that the new team do not have the right experience or knowledge and need to be trained up. But it is not often that the exiting team realise that it…
Why Training and Experience Are Essential For The New Gen. #succession
After you have worked in a business for more than 40 years it’s unlikely that the next generation following in your shoes will have your experience. So don’t expect them to. One of the barriers to a successful succession process…
