Category: Family Legacy
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.
When to begin succession….an epiphany – my weekly perspective
Wow, what an uplifting outcome. I just came out of a meeting this week with a family who are in the process of successfully transitioning from G1 to G2 (generation 1 to generation 2). This successful endeavour has been a 3 year journey culminating in: – a plan of reorganization to allow the following generation’s […]
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Self care – my weekly perspective
We all are busy. Are you taking care of yourself? This post pandemic and seemingly exhausting...
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It’s about taking risks – maybe not a do it yourself project, my weekly perspective
Today, I am writing about you and your family interactions, mostly as it relates to the family business. Risk taking in your family communication is not easy to do. Having difficult conversations can let you and the business thrive. Not having difficult conversations could stifle and hold back the business.
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Where to look for a successor – what if a family member is not interested? – my weekly perspective
Not all family businesses are destined to remain within the family. This is an unfortunate reality and the stats prove this fact out. Only about 50% of family businesses remain within the family after the second generation and about 15% stay with the family after the third generation. Sobering statistics. Depending on the size of […]
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Financial literacy and your family – my weekly blog
We were all brought up uniquely with different values. This becomes apparent especially when money and wealth are involved. And this can become apparent in a relationship. One of the leading reasons for separation and divorce is over money, often because in some families, it is a taboo subject, not to be discussed. Misunderstandings can […]
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The family black sheep – what to do? – my weekly perspective
What do you do when one of the second generation is not compatible or worse, is in conflict with the rest of their siblings? This can pose a problem when that child is serving in a responsible role within the business or if that child is a shareholder. Let’s discuss each of these scenarios. In […]
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Your stories and history – my weekly perspective
story telling has three purposes:- to pass on the family/cultural history through stories- to actually experience listening to the stories between the generations, and- to lead the family by telling the stories, the process of telling the stories being equally important as the stories themselves.
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Rip off the band aid – my weekly perspective
Many times, I have seen family disputes arise, over money. Often at the peril of family unity. Why does this happen? Hurt feelings, love being equated to money, power and most commonly some prior and as yet unresolved family dispute. First off, fair does not mean equal. Read more here: An article on this topic The […]
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Storytime, telling the family story – my weekly perspective
Every family has a story and every business has its beginnings.
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Educate – financial literacy of our children. My weekly perspective
Do you have the responsibility to raise children (could now be adults) so that they are prepared to inherit wealth? A mere $ 42 trillion will be passing to the next generation in the next 20-30 years. If you do not take active steps to get them ready for the responsibility that wealth brings, then how will these children otherwise get prepared? Many parents try to raise their children and share their values. Do you as parents also talk about financial literacy?
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Taking time to reflect – my weekly perspective
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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