Choosing the next leader for your family enterprise should not be a Darwinian experiment, survival of the fittest. At some point, you may be faced with the decision to pass on the business to the next generation. This decision should be a rational one, made with the best interests of the enterprise in mind. Some […]
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What are your responsibilities as an owner of a business? We must distinguish ownership from employment in a business. They represent two very different roles. Often in family enterprises, distinguishing between different roles has blurred lines. The topic today will centre around ownership. We will address some considerations around ownership that a share owner should […]
Read MoreHappy holidays to all and a wonderful holiday season and celebrations to each and every one of you who have been looking at my weekly perspective. I am off for 2 weeks spending time with family and will recommence in January. Wishing all of you peace, good health and prosperity in the coming year. Learn, […]
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Key performance indicators (KPI’s) are some measurable data related to the operation of your business. For example, in the movie outsourced, the goal was to reduce the time per phone call for a call centre from 5 minutes down to 2 minutes. This was a measurable outcome, had little, if anything to do directly with […]
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Here are some steps and thoughts on how to approach succession Learn more about the succession process: – read books on the subject, or by take a course. Allow your successor to participate in business decisions: – for business decisions, allow your successor to be involved. With more confidence, you can pass on more responsibility […]
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