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 …
How to get Mum and Dad to talk about succession planning in your family business Read More »
How to start succession planning
How to start Succession Planning In our last blog I looked at when to start your succession planning and the overwhelming conclusion (that I made) was that now was a pretty good time. There will be challenges, but the sooner you face them the sooner you will overcome them. “That’s all very well” I hear you proclaim, “but it’s …
Why is Succession Planning so complex?
Succession Planning in Family Business Succession Planning is one of the biggest challenges facing Family Businesses worldwide today. Over the past 40 years or so there have been some significant advances in how advice is given to families in business, and yet we still see statistics and studies that show that, in general, succession planning …
When to start succession planning
When should you start Succession Planning? I am often asked ‘When is the best time to start succession planning?’ and typically my answer is ‘ probably a long time ago’! More often than not the issue of succession planning is ignored and then only dealt with at a pain point such as the sudden death …
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