It’s your business, you founded it, you have worked 24/7 for the last 30 years and you have carried all the stresses of making it work. Everyone thinks you ‘love’ your work so much that there is nothing else to…
“Don’t Tell My Wife” #succession
It may seem very inappropriate in today’s world but it is still not unusual to hear a business owner say, ‘There is no need to discuss this with my wife’. And it may also be, of course, a partner or…
Family Feuds Require Empathy To Solve #succession
One of the biggest challenges in family business transition can be in managing the conflicts, which can and do arise. These conflicts can almost always be traced back to a lack of and inability to communicate effectively. There are a…
Family And Business Can’t Be Separated #succession
‘Just because you are a family member doesn’t mean you will get any special treatment in this business. I will treat you like every other employee.’ A true statement in theory but not so easy in practice. It is important…
“I’m Tired Of Waiting” #succession
For the new generation waiting to take over the reins of management, the time lapse can seem intolerable. And more often than not they wonder if it’s all worthwhile. The challenges of balancing the desire to step up and prove…
