As the owner of the business, what are your options if you wish to phase out of the business? You could work to transition the business to your children. This is the wish and hope of many parents who have toiled for decades in creating and building and operating their successful business. This can be […]
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I too own a business…a consulting business. Is this something that I wish for my children to inherit. Yes, but in a different way. My vision is that my business will provide my family a good living while I am able to work. I hope that I can share my personal values, not only with […]
Read MoreOther than making profits and revenues, are you setting your sights on the horizon as to where you are going with your enterprise? Do you have sufficient resources to: a) attend to the growth of your business? b) retire? c) allow the family to have distriubtions from the enterprise to live the lifestyle to which […]
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Money and power in your business – my weekly blog In your family business, the two objectives of money and power can be conflicting objectives, especially as a family business moves into more owners in the second and third generations. Everyone is different and can be motivated by different things. In a family business, […]
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Traditions. What do you do to maintain them? This blog post is not specifically related to your business. If you are non-secular, you certainly understand rituals and traditions. They are important to allow you to focus on the moment and become closer to your “God”/inspirational leader. I was raised in a secular house so religion […]
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