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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Who will pitch in on difficult projects, sometimes without pay? Who will tolerate being underpaid? Who will give you honest and sometimes challenging feedback on strategic business decisions? A: family members of a family enterprise We often take for granted those closest to us and will be more “honest” with them as to their value […]
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Some thoughts about family meetings, especially for those meetings focusing on the family business. From my experience, as the business goes through the generations, and more owners are at the table, the decisions and discussions can often be fraught with challenges, sometimes acrimony. You want to try to remove all of the controversy so that […]
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I have previously written in a blog about how and why a family can build giving back into their family. Giving, particularly the amount, is a personal choice and decision. If giving does form part of your family’s values, then you should consider educating your family about philanthropy. Some families have set up private foundations […]
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