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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Financial assets are a tool for keeping score; and in my view, they are not an end in and of themselves; simply put, they are the results of your efforts. The financial assets represent one facet related to the wealth in your family enterprise. The other measures of wealth include the intellectual and human capital […]
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Each business sets its strategy. This strategy is then delegated to the Board who then hires the CEO to effect the plan to achieve that strategy. Today, instead of business strategy, let’s speak about the strategy for the family. What is this and what does this mean? A: Two questions to consider: 1) What are […]
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Today, we will take a small detour from our usual comments about business succession. Work – life balance. Ah, this is the ever elusive goal of many of us, not to be over generalizing but certainly the goal of many a (Gen Alpha), Gen Z, Gen X, Gen Y and Millenial (with all due respect). […]
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Communication. Regular and continuing. You can implement this helpful process for your family to work together, find common ground and move the succession plan forward for your family and its family enterprise. Not talking to each other does not achieve much… This is one facet of an overall family enterprises’ strategy to help families construct […]
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