KPI = key performance indicators. These are metrics that you can use to assess the effectiveness and efficiency of your enterprise. They help you focus on the important aspects of your business and can give you benchmarks for continuing improvement.
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In order for succession to succeed, often the rules of the game have to be clearly set out and communicated to family members.
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Do you think that the children were ever properly taught about financial literacy. Part of the dysfunction in this family stems from its lack of discussion around the responsibility of wealth and the challenges and simple hard work needed to achieve that.
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You may not be here forever…you are mortal.
These are prophetic words, that I have repeated many times to business owners
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To me, family is far more important than anything else. Second importance is to surround myself with people that share the same values….honesty, integrity and honour.
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