What would you do if you only had one child to be the family member on whom you bestow your family’s business? This is commonplace in China, where there is a one child maximum policy. Sibling rivalry will not be a dynamic with which you have to deal. However, what if your child is not […]
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Strategy for your business? Is this a regular exercise that you and your family go through for the benefit of your business? The idea of setting strategy is simple but it is not easy. The day to day challenges of operating a business can be daunting. It is common for many business owners to focus […]
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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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