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 […]
Read More
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 […]
Read More
Wealth is not to be taken for granted and it is our job to educate our family members about the responsibility of wealth. We have been very fortunate to have lived through some of the most prosperous growth periods in history. This has afforded us the luxury of offering to our children a lifestyle without […]
Read More
CREATING A COMPREHENSIVE EMERGENCY BUSINESS PLAN In the unpredictable world of family business,...
Read More
A great coach assesses the team and is granted the decisions on who is to play, when and with which other team mates . Balancing a team is all about:
WILL – SKILL – TEAM.
As the leader of your enterprise, what is your focus? Are you single mindedly working on achieving the long term strategy of your enterprise? During this journey, do you occasionally pause to: – measure the enterprise’s progress to date on the strategy – consider how you define success – course correct the strategy as needed […]
Read More
Succession is all about passing on all of your harvest resulting from your hard work to the next generation or to your chosen heirs, whether or not they plan to continue on the business as its future leader. Some questions you may ask yourself: – Will your children be interested in the business and the […]
Read More
We will take a small detour today from comments directly around succession. I counsel all that I speak with, who are contemplating retirement and ultimately the passing of their business, their assets, their life insurance and their liabilities. Most of our lives are complicated, so much so that often, you are the only one that […]
Read More
A few questions to pose for the family enterprise. These questions arise whether in good or challenging times, and often are exacerbated in the more difficult times: – is there room for feelings in the family business? – why does conflict arise? Generally, there are a number of sensitive areas that have to be considered […]
Read More
You may ask yourself, what does an accountant know about branding? and the answer is not much – that is not how my left brain works… As in many areas, I thirst for knowledge and remain a student with a continuing quest for knowledge. The internet, Reddit and yes, books can be great sources of […]
Read More
Have you spoken to your family, including your children, that with wealth comes the obvious: – privilege, – opportunities and – choices. More importantly, with wealth comes responsibility. Many families of wealth tend to shield their children from both the burden of that wealth, though letting them enjoy the benefits that wealth can bring with […]
Read More
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 […]
Read More
Recent Comments