Many times, I have seen family disputes arise, over money. Often at the peril of family unity. Why does this happen? Hurt feelings, love being equated to money, power and most commonly some prior and as yet unresolved family dispute. First off, fair does not mean equal. Read more here: An article on this topic The […]
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Some thoughts about what may cause a succession plan to bog down or even worse, stop completely… If your succession plan has stalled, there are definitely some remedies to help to get you back on track. Remember, succession is not an end in itself; it is all about the journey. Here are some of the […]
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Family meetings, why? Leading practice for family enterprises is to hold meetings with the family owner members on a regular basis. The foundation of a family is its shared values and history. The family meetings can be a forum to enable the family to define and communicate its shared values and provides a forum to […]
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Making decisions in a company in which the entrepreneurial spirit is embraced usually is straightforward. The company’s leader will decide a strategy/direction and move the company towards the goals set. This decision making becomes more challenging and complex as the company grows or begins to involve other family members. Why? Family dynamics and communication styles […]
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In line up at the bank today, I was thinking about personal relationships. I did not have a personal banker at this branch so had to wait in line up for 20 minutes for my simple banking transaction. For me a long wait. Does anyone go in person to a bank today? Many have on-line […]
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