Creating a Comprehensive Emergency Business Plan – MY WEEKLY PERSPECTIVE
CREATING A COMPREHENSIVE EMERGENCY BUSINESS PLAN In the unpredictable world of family business,...
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Category: Family Business Succession Planning Guides and comments
Coach put me in – my weekly perspective
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.
Bright lights vs 1″ at a time – my weekly perspective
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 […]
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Will your children turn out to be “successful” – my weekly perspective
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 […]
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Your “death” file – my weekly perspective
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 […]
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Conflict in the family business – an inevitability, my weekly blog
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 […]
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Branding and longevity for your family enterprise – my weekly perspective
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 […]
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Wealth and responsibility – my weekly perspective
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 […]
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Succession roadblocks – my weekly perspective
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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Work – life balance, some wise words – my weekly perspective
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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A checklist to assess the health of your business…. – my weekly perspective
Some points and issues for consideration that could facilitate the succession of your business. You could use list this as a regular check up tool to assess the general health of your business: 1. have you identified the company’s key performance indicators (KPI’s), http://successinsuccession.wordpress.com/2011/03/13/succession-key-performance-indicators/ 2. what are the benchmarks for your KPI’s 3. have you identified […]
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Planning for future generations – my weekly perspective
Succession for your family enterprise is about thinking long term, beyond your immediate plannning and sometimes considers matters well into the next generations.
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