Imposing restrictions on the next generation usually backfires. It’s better to have honest conversations today. You have built your business empire and all the trappings that go with success and wealth. And some of those businesses or trappings can hold…
You Can’t Make Their Decisions
Succession is about the transition of control and ownership of a business – or maybe it’s not? Succession is about transition but it’s a lot more than who will be a director and shareholder of the various businesses in the…
‘My Accountant Knows Everything’
‘My accountant knows everything’ is yet another one of those succession phrases that should send shivers up your spine. Not because accountants are bad, but because it may mean that the current leaders of the family business don’t fully understand…
‘But Why Did You Send Me To Uni?’
“I don’t understand. I’ve just spent the last five years studying, landed my dream job and now you want me to come back into the family business, why?” It seems that across all cultures that the Baby Boomers generation encouraged…
Can The Children Work Together?
You are currently in succession thinking mode and the question that continues to roll around in your head is, ‘Will my children be able to work together?’ It’s a good question but one that must be resolved and not simply…
