Relying on Old Boys’ Network, “Connections” & Past Relationships

Posted Leave a commentPosted in Family Business, Leadership, Sales & Marketing, Succession Planning

This week, I’ll share an extract from our *complimentary booklet, “The 9 Most Common Mistakes Family (& Non-Family)Businesses Make That Prevent Them From Achieving Their Full Potential… And How YOU Can Avoid Making Them“ Mistake #3: Not Having a Systematic Way to Grow the Business, Relying instead on “Old Boys” Network, “Connections” & Past Relationships […]

Opps! What do we do now...

Lack of Exit Strategy, Estate Planning or Partnership Agreement, Leaving the Business Vulnerable to Unexpected Situations

Posted Leave a commentPosted in Family Business, Succession Planning

Here is another an extract from our complimentary booklet, “The 9 Most Common Mistakes Family (& Non-Family)Businesses Make That Prevent Them From Achieving Their Full Potential… And How YOU Can Avoid Making Them“ Mistake #5: Lack of Exit Strategy, Estate Planning or Partnership Agreement, Leaving the Business Vulnerable to Unexpected Situations “I am very worried about my […]

Feeling Trapped in Your Family Business?

Posted Leave a commentPosted in Family Business, Succession Planning

One seldom talked about aspects of family businesses is how some family members feel trapped by obligations and as a result, suffocate in it. If there’s no intervention, they eventually self-destruct, bringing down the business as well as family relationships.   Here is a typical scenario in some family businesses where there are siblings with different levels of […]

Family Constitution

Posted Leave a commentPosted in Family Business, Leadership, Personal Effectiveness, Succession Planning

Recently we’ve received a few inquiries about drafting family business constitutions… we told them if that’s all they need, just google “free family constitution templates”, here’s why… Drafting the document is the easy part, the real challenges are to get everyone aligned and to make tough decisions that’s best for the business/family longterm. Imagine the same […]