A few questions to pose for the family enterprise. These questions arise whether in good or challenging times, and often are exacerbated in the more difficult times: – is there room for feelings in the family business? – why does conflict arise? Generally, there are a number of sensitive areas that have to be considered […]
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The succession of a business requires an abundance of conversations to work successfully. Many families with whom I consult often are waiting for an epiphany (or worse a serious health or other issue arises) to begin the conversation. Your takeaway today, start the conversation with your family. The challenge is what can we speak about […]
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Having a family vacation is a rare opportunity and luxury with our full lives. Where we go or what we do does not matter as much. What matters are the benefits of a vacation, which include: – 24/7 quality time together – time for reflection away from the workplace – shared experiences, including meals, sitting […]
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Have you heard of minority shareholder rights? These are the rights enshrined in company law and have been tested in the courts. What are they? In simple terms, whether or not a person owns or does not own voting shares, that shareholder has rights whereby the majority may not make decisions that would be prejudicial […]
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If your business hires entry level employees, this environment may present a great opportunity for your children to learn about the family business from the ground up. Only then, can they appreciate the challenges, breakthroughs and corporate goals and objectives of the business that they, one day, could own and work in. Remember to try […]
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