As serious and challenging your path through succession can be, you should take time to: 1. Enjoy the journey 2. Celebrate your achievements 3. Take baby steps The journey through succession in my view is equally as important as the end goal to transition the business between generations. Throughout this quest you can enjoy the […]
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CREATING A COMPREHENSIVE EMERGENCY BUSINESS PLAN In the unpredictable world of family business,...
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In order for your succession plan to succeed, you have to enunciate a clear vision. A weakness of many plans is the lack of continuing clarity. How do you ensure that you have clarity? Write it down. Reducing your succession plan to writing is a necessary step that forces you to set out in unambiguous […]
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For the successful family, at what age is it appropriate to teach your children about your family’s wealth, and more importantly, the responsibility that such wealth carries with it? My view, is you start the process at as early an age as possible. Why? You engage your children with the concept that wealth carries with […]
Read MoreAs the leader of your enterprise, what is your focus? Are you single mindedly working on achieving the long term strategy of your enterprise? During this journey, do you occasionally pause to: – measure the enterprise’s progress to date on the strategy – consider how you define success – course correct the strategy as needed […]
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