Family Business Consultant vs Business Consultant
Family Business Consultant vs Business Consultant One of the questions I often get asked is what the difference is between what I do as a Family Business Consultant and what a business consultant would do? It can often be really difficult to know whether bringing in a business consultant is what you need or whether …
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Family Business Lifeboat Drill
Back in the olden days when I was a Chartered Financial Planner, one of the exercises that the family businesses I worked with was the lifeboat drills we used to do. This blog and podcast covers a little more about what lifeboat drills are and why they are a useful exercise for you and your …
Why are you in Business Together?
Why are you in Business Together? When was the last time that you asked yourselves the question, “Why are we in business together?” As a family in business together it can be easy to assume that everyone is in business for the same reasons, however in my experience this is not always the case and …
Motivation Versus Commitment
Motivation versus Commitment Most of my New Year’s Resolutions have fallen by the wayside by the end of January, and yet I am, when sufficiently committed to be able to train for Marathons and Lands End to John O’Groats bike rides. I have often felt that it was motivation that was lacking with my New …
What is a Family Assembly?
What is a Family Assembly? A Family Assembly is a gathering of you and your family where you get to socialise with family that you may not have seen for a while, discuss what is happening within the family business and can also be used as a forum to provide educational and developmental support to …
What is a Family Council?
What is a Family Council? A Family Council can form an effective and impactful communication bridge between the Family Enterprise and the family itself. When do you need a Family Council? As your family and business grow it may be necessary to introduce more formal communication forums to ensure that there is effective and efficient …
What is a Family Charter?
What is a Family Charter? The Family Charter is a good starting point for family business governance. It can set the tone for all future governance discussions and often forms the foundation for all family governance. A Family Charter will cover the views and attitudes of the business owning family on matters such as What are …
What is Family Business Governance?
What is Family Business Governance? Governance is often held out as the solution to all challenges in a family business. Whilst this may be partially true, it can be difficult to know firstly what is meant by the word ‘governance’ when discussing family business, but also to understand what forms of governance may be useful …
What is a Family Business Consultant?
What is a Family Business Consultant and how can one help you? Have you ever wondered what a family business consultant is and what they actually do? Probably not, but in case you have I have written a blog about it. Most, if not all of you will employ professional advisers to help you with …
How to get Mum and Dad to talk about succession planning in your family business
Want to discuss Succession Planning with your Parents? Have you tried to raise the subject of succession planning with your parents? How have they reacted? I am assuming from the fact you are reading this that it may not have had the result that you wanted. It may be that you have been met with …
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