In a succession plan, the most challenging issue to overcome for an entrepreneur is letting go. The typical entrepreneur has been everything to the business and often has been called upon to actually do everything, at some point in time. With the energy, passion and time put into a business, simply to hand it over […]
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Every family has a story and every business has its beginnings.
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Succession, is not a goal; it is a journey. The road to succession of a family business may be long but there are others there to 1. help, 2. support, 3. guide, 4. reflect. The natural person with whom you can discuss succession with would be your consigliere. More about your consigliere here: Identifying a […]
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Life is short so take advantage of the time that you have. Make sure you pause to savour the moment and the precious time with the people who really mean something to you. Why am I so reflective? Three people who I thought I knew reasonably well, have passed on, unexpectedly, right in the prime […]
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Succession can be all about the end goal which should be an orderly transition of governance and wealth of the family enterprise. However, the terms of how a successful succession plan can be effected is better understanding between the generations. This can be accomplished by spending time and listening to the views; not necessarily accepting […]
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