secretgrave

Your key business attributes – my weekly perspective

A wise family enterprise advisor said, “If you take a resource to the grave, you will dramatically impact your company’s ability to compete.”. This is definitely a no no. A Men’s Health magazine article agrees….Men’s health article What can you … Continue reading

index

Who are you working for? – my weekly perspective

This week is a philosophy corner… Have you ever stopped to think about why you are working so hard, an existential enquiry? I know we all have continuing responsibilities: family, employees, customers, suppliers. All are important and all, hopefully for … Continue reading

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How much to “sell” of the business? – my weekly perspective

A question faced by many business owners, once the owner has decided to begin succession and possibly sell all or a part of a business, is how much to sell of the business? This is not a question to be … Continue reading

trust-respect-are-the-key-to-all-healthy-relations

Trust and respect – my weekly persective

Trust and respect.  These are earned and not things that are inherited. There are two edges to this sword.  Children should not be entitled to “own” and operate a business, just because they were born to the right family.  The … Continue reading

WaltonSalary

Ownership – family who are not employees, my weekly perspective

As a family enterprise navigates it’s way through succession, there will be a time when a family owner no longer works for the business. This creates potential issues. The most obvious is the differences of view potentially between salaries to … Continue reading

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Have you thought of these essential documents, best practices…? – my weekly perspective

As we end the year, this is a time for reflection and planning for the coming year. With some of the families with whom I work, often they try to address some of the more complicated aspects of succession (governance, … Continue reading