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Succession – Back to communication, my weekly perspective

I am currently working with a family on a succession plan.  One ingredient was missing in our plan, which, after much investigation turned out to be open communication. We have gotten through the technical aspects related to the succession plan. … Continue reading

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Financial literacy in the family – my weekly perspective

You have worked long and hard to build your family enterprise. You know many aspects of the enterprise innately because of your familiarity having built‎ this enterprise. Do you think your family understands and shares this depth of financial knowledge … Continue reading

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Building a brand – successful succession, my weekly perspective

Have you heard of UFC?  Unless you live under a rock, you have to have heard of one of the fastest growing professional sports franchises in North Amercia.  10 years ago, had you ever heard of UFC?   Through clever … Continue reading

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Decision making and succession, my weekly perspective

This is often the most challenging part of a succession plan, letting go of control of your company. You cannot be everything to everybody and always be at the helm of your business.  With many entrepreneurs, having made all the … Continue reading

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‎Setting the record straight – the family enterprise history, my weekly perspective

You will be surprised how much we take past accomplishments for granted. The pain and challenges of past triumphs quickly dissipate with the hectic day to day demands of the enterprise. Take a moment to reflect on the past and … Continue reading

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Values in a family enterprise – my weekly perspective

The single and important difference I have discovered with family enterprises that have successfully navigated through multiple generations is a magic glue. What is that special ingredient to maintain discipline and focus for a family enterprise? COMMON VALUES. ‎Surprised? This … Continue reading