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 …
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 …
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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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 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 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 …
