Making decisions in a company in which the entrepreneurial spirit is embraced usually is straightforward. The company’s leader will decide a strategy/direction and move the company towards the goals set. This decision making becomes more challenging and complex as the company grows or begins to involve other family members. Why? Family dynamics and communication styles […]
Sayings, all well put from David and Goliath by Malcolm Gladwell, said in three different languages: – from shirtsleeves to shirtsleeves in 3 generations – Dalle stelle alle stalle (from stars to stables) – Quien n lo tiene, lo ance; y quien lo tiene, lo deshance(he who doesn’t have it, does it, and he has […]
In a succession plan, the most challenging issue to overcome for an entrepreneur is letting go. The typical entrepreneur has been everything to the business and often has been called upon to actually do everything, at some point in time. With the energy, passion and time put into a business, simply to hand it over […]
Every family has a story and every business has its beginnings.
Do you have any idea of how much of your family’s worth is invested in your family business? What about other assets which have a meaningful value? Here in Vancouver (Canada), I have seen the net worth of families grow exponentially because of our long and significant increase in real estate values. This increase has […]
