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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Should your children be employed by your company, no questions asked? Today’s blog will discuss best practices on employing family. They are not dogmatic principles, just guidelines from many years of family enterprises employing family. Some key areas around family employment – quantum of pay – management positions – degree of authority – outside experience […]
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As an advisor to many families, the commencement of a succession plan usually arises because of some outside event that happens. The well planned family does not necessarily wait until this event happens, be it divorce, death or a health issue. Given enough time and planning, a succession plan can be put into place, so […]
Read MoreSuccession of your family business is unique. Studies have shown that the process of getting to your succession plan and the communication around the planning process defines the end result for your family. I have worked with two families moving from the 1st generation to the 2nd generation each making progress in different ways and […]
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This is so good, that I had to repeat it verbatim. The link is here: http://rishikajain.com/page/2/ A young and pretty lady posted this on a popular forum: Title: What should I do to marry a rich guy? I’m going to be honest of what I’m going to say here. I’m 25 this year. I’m very […]
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