‘Life’s most persistent and urgent question is, ‘What are you doing for others?’ – Martin Luther King, Jr. Why philanthropy? You cannot take it with you and many business families wish to leave a legacy, whether anonymous or named donations, that make a difference to causes about which they care. In my view, philanthropic efforts […]
This cartoon is intended to be hyperbole about business and family succession. Maybe you should think about what you are doing right now for the succession of your family enterprise. Are they ready to inherit the family enterprise? Including Are your heirs financially literate? Do they understand the business? Are they yet involved in the […]
Today, I am writing about you and your family interactions, mostly as it relates to the family business. Risk taking in your family communication is not easy to do. Having difficult conversations can let you and the business thrive. Not having difficult conversations could stifle and hold back the business.
A great coach assesses the team and is granted the decisions on who is to play, when and with which other team mates . Balancing a team is all about: WILL – SKILL – TEAM.
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 […]
