Month: February 2022
Cause #38 For Lack of a Loving Reality Check…
Observations A common cause of conflict in Business Families has roots that date back to childhood, studenthood (not quite a word, but you get my point), business family ethos, and youthful career planning / decisions. Family members grow increasingly frustrated with themselves, with their role in the family business, and with their lot in life […]
Read MoreCause #37 Policies & Procedures
Observations If a Family Business is a more complicated beast to manage than an “ordinary” business, it follows that the Business Families that stand (by definition) behind each and every Family Business, are also more difficult to manage than “ordinary” families. Policies document things that must be done within an organisation, or entity. Procedures describe […]
Read MoreCause #36 Financial Security
Observations Desire for personal financial security becomes more urgent and powerful as business owners age, consider their options, alter their priorities, and recognise their reduced capacity to adapt to changes in circumstances – especially when that change relates to an increasing inability to overcome serious financial challenges. Fear is a primal motivator that stimulates “fight […]
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