Are you taking the time to think not just about how to run your business, profitably? Are you also thinking about the deeper and more difficult questions around succession? Many questions…we need to seek some answers to them. 1. Are your children the natural succession candidates? 2. What if you have more than 1 child […]
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Have you ever stopped to acknowledge and identify those within your team and company that are integral to the businesses’ operations? Most of us don’t. Unfortunately, studies have demonstrated that more HR management energy is spent on the poorly performing employee and not on the top performing employees. Fortunately if a Google search is […]
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The journey into and through a succession plan is fraught with difficulties and challenges. Why? You are dealing with human emotions, hopes and dreams which can be unpredictable. The goal is to handle and work through these challenges. The best way…communication with intention and clarity. Think about what could be the sticking points and what […]
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Has this happened to you before? You are the head of the family enterprise, effectively the CEO, CFO and COO. Family holidays are two weeks away and you have about 4 weeks of work to do before leaving, let alone any new matters that may arise before you depart. You are harried and approach all […]
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If you plan to retain the enterprise within the family, then the transition of the business to the following generation is necessary. This can be a challenging time and some points for consideration are set out below. What is a sibling partnership? – evolution of an enterprise to the following generation – can carry significant […]
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