Today, we will take a small detour from our usual comments about business succession. Work – life balance. Ah, this is the ever elusive goal of many of us, not to be over generalizing but certainly the goal of many a (Gen Alpha), Gen Z, Gen X, Gen Y and Millenial (with all due respect). […]
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Communication. Regular and continuing. You can implement this helpful process for your family to work together, find common ground and move the succession plan forward for your family and its family enterprise. Not talking to each other does not achieve much… This is one facet of an overall family enterprises’ strategy to help families construct […]
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Running a family business can be a rewarding and challenging experience, especially when siblings...
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Retirement, some define this as “a personal state where you are able to do what you want when you want“. In my view, as we are living longer today, the traditional view of retirement being endless bingo, square dancing and fishing is no longer applicable. Retirement could include a gradual phase out from active operations. […]
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Does your firm have a mission statement? Many believe that a mission statement is simply a platitude to enable the business to thinly disguise its true intent, being profit. Remember, “A goal without a plan is just a wish” – Antoine de Saint-Exupery. A mission can be much more than just a direction for a […]
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