Strategy, setting a direction for your family enterprise – my weekly perspective

Many businesses focus on the immediate issues and the need for daily operational decisions. Some businesses do not have nor make the time to spend on strategic planning for the business. This often can result in great short term operating … Continue reading

Exit alternatives from your business – my weekly perspective

When you decide that it is time to go, what are your alternative courses of action? You can consider a number of creative and not so obvious means to enable you to gracefully exit the business. These include: – outright … Continue reading

Financial literacy, it is never too late – my weekly perspective

I saw an article about the Vancouver based reality series, the Ultra Rich Chinese Women of Vancouver. One of the group, to be provocative , said that she knew her dad was rich but did not know what he did … Continue reading

Blurred lines – your ever changing roles in the business, my weekly perspective

Looking at your business from different perspectives can lead you to innovative thought and possibly a stronger business. You probably are aware of your three distinct roles in the business: 1. leader-employee, 2. family member, and 3. owner. In your … Continue reading

Sudden wealth syndrome – some thoughts, my weekly perspective

“If a man is proud of his wealth, he should not be praised until we know how he employs it.” – Socrates I have seen this same story replayed too many times. A family sells its business and is left … Continue reading

Sibling rivalry – my weekly perspective

Choosing the next leader for your family enterprise should not be a Darwinian experiment, survival of the fittest. At some point, you may be faced with the decision to pass on the business to the next generation. This decision should … Continue reading