My weekly perspective… This is often a question that business owners sometimes overlook. A shareholders’ agreement is a necessary tool for all companies, in my honest opinion. Why?
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One hazard that you have to consider while planning and then implementing your succession plan is the potential of taking your eye off of the ball. In the sports context, this will mean you can miss the pitch, leave your putt short, hit your down the line shot wide because you are more focused on […]
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What benefit can you gain from having a facilitator lead family meetings? – more productive time spent – constructive conversations – focus – avoid personality issues/conflict Families will often try to run family meetings themselves. This does not always work out. What often happens is that the family discussion falls into business operational rather than […]
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Let’s take a brief moment from your busy day to reflect. What in your life is most important to you? Categorize and rank the following in order of importance… 1. Your life partner, your most important relationship and the quality of your relationship 2. Family, how much do they count. What time are you giving […]
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I have worked with so many families, some of whom get along, others not so much. The differences were often not with the underlying business because in most cases, the businesses were profitable and operating well. If I were to identify why the difference? The degree of communication and building trust. This pandemic has not […]
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