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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Running a family business can be a rewarding and challenging experience, especially when siblings...
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Retirement, some define this as “a personal state where you are able to do what you want when you want“. In my view, as we are living longer today, the traditional view of retirement being endless bingo, square dancing and fishing is no longer applicable. Retirement could include a gradual phase out from active operations. […]
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