Stories and history – my weekly perspective

Do you know your family history? Sharing the history of the family is an important tradition in many cultures. In First Nations for example, there are long standing oral histories about the challenges, triumphs and most importantly humanity from the … Continue reading

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

Your succession plan – Which area to address next?

The Family Firm Institute – an acknowledged leader in the family business arena is soon holding its annual conference, Transitions West. In the conference, the main topics to be addressed include: 1. Engaging the NextGen in the transition from child … Continue reading

Your sunset in the family business…my weekly perspective

As the owner of the business, what are your options if you wish to phase out of the business?  You could work to transition the business to your children.  This is the wish and hope of many parents who have … Continue reading