‘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 […]
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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 […]
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Succession of a business can take a long time, sometimes 5-20 years, possibly a lifetime. I am in the midst of succession planning discussions with one family that is now into its 3rd year, having made significant headway on communications and setting ground rules. Another family has been working on succession for 7 years and […]
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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.
Wow, what an uplifting outcome. I just came out of a meeting this week with a family who are in the process of successfully transitioning from G1 to G2 (generation 1 to generation 2). This successful endeavour has been a 3 year journey culminating in: – a plan of reorganization to allow the following generation’s […]
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