The Family Business Partnership

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Success or Succession?

Success or Succession? On this weeks episode of the show I discuss the fact that often the definition of success for a family business is its ability to pass the legal ownership of the business between generations. This is obviously a fantastic part of a family business, if that is what everyone wants. But, what…

Professionalising the Family Business

What is Professionalisation?  I have to be honest and say that I am not a huge fan of the phrase “professionalising the family business”, for me it could suggest that there is an element of unprofessionalism.  For me the term “professionalising” in the context of family business is more akin to the formalisation of processes…

Ownership Philosophy

What is Ownership? For me there are two types of ownership legal and emotional. You can own something emotionally without it being a legal owner of it and in my experience, this is very often the case with a family business. Businesses as a legal concept have been around for a while in terms of…

The Importance of Clarity

The Importance of Clarity When I am asked what it is that I do for a living my response can often be met with a slightly confused look. What does a family business consultant actually do, are you a business consultant for family owned businesses?  The answer is no to that question and I explain…

Family Business Lifeboat Drill

https://youtu.be/vtgXOW7T5gc 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…

Why are you in Business Together?

https://youtu.be/Bt6oDCxwP7A 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…

Motivation Versus Commitment

https://youtu.be/ZgER4vhfx1A 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…

What is a Family Assembly?

https://youtu.be/JLffvBfjiNY 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…

What is a Family Council?

https://youtu.be/xI9qf_N7_wg 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…

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Success or Succession?
RussHaworth

Success or Succession?

Success or Succession? On this weeks episode of the show I discuss the fact that often the definition of success for a family business is

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Testimonials

When making the exciting decision to start a business with my husband, the complexities of working with family didn't cross my mind. Rather than deliver a positive change in lifestyle, we found ourselves bringing the marriage into the business and the business into the marriage! Working with Russ helped us define structure and boundaries between work and home, and create distinct roles that would enable us to work to our strengths while managing expectations of each other. We found the sessions fun and engaging, and learned as much about ourselves as we did each other.
Rachel and Sam
Business Owners
We have worked with Russ on a number of projects with our clients and within our own team as well. He has an incredible talent for creating an environment where it feels safe to respond to difficult questions.

Not only is this useful for resolving differences, but also for understanding why business processes are not working the way that they should. Russ’ keeps you focused on the reason why you are doing what you do.

Having him involved has given my team an incredibly powerful boost.
Jon
Business Owner