Have you heard of UFC? Unless you live under a rock, you have to have heard of one of the continuously and fastest growing professional sports franchises in North America. 15 years ago, had you ever heard of UFC? Through clever marketing and branding, a fringe and often bad PR sport became a mainstream […]
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Gieves and Hawkes and Henry Poole, both family businesses, both in the same tailoring business and both located on the prestigious Savile Row in London. Sadly, however, two different paths. The family owners of Gieves and Hawkes , in a number of steps, sold their business to a Hong Kong based public company. The last […]
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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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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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