Family Business Passion If you want to succeed in the family business, you’d better be extremely passionate about it! Being in a family business can be extremely difficult. Therefore, that’s why passion is such an important ingredient. You have to love it so much that you’re willing to go through the pain to make it […]
Avoiding a family business landmine – next generation children with varying work ethic, skills and ambition.
It can get interesting in the family business when cousins start showing an interest in the business while the family business may not be interested in them! Successful and sustainable family businesses realize the need to get out in front of this issue. The best time to talk about this is years before it can […]
What NOT TO DO – Wait too long to start engaging the NEXT GEN
The best way to avoid potential inter family conflict is to get the next generation engaged in family business discussions at an early age. Most of the families I talk to are concerned about making sure the next gen understands and appreciates the values and work ethic it has taken to make the family business […]