Author: Jon Kenfield
Australian Sea Lions
A Family Business is like: an Australian Sea Lion because … … they often fail to define the family’s ground rules. Australian Sea Lion (Neophoca cinerea) facts: Kingdom: Animalia; Phylum: Chordata; Class: Mammalia; Order: Carnivora; Suborder: Pinnipedia; Family: Otariidae; Subfamily: Otariinae; Genus: Neophoca; Species: Phew! Sea Lions have external ears; Seals have internal […]
Read MoreAll in the Family: why Succession Planning is Important
Assisting family businesses can involve many complex issues and profound challenges – from resolving sibling rivalry to handling dysfunctional intergenerational expectations. Perhaps no problem is more complex, for both the family and the business, than succession planning. Accountants, acting as trusted advisers, have an important role to play in helping families to resolve issues and […]
Read More12 Simple Secrets of Family-in-Business Success
When we look at family businesses around the world that have proactively maintained and enhanced their collective business interests over many generations, we find that they have usually employed a number of consistent strategies. I call these their “12 simple secrets for success”. Note that these measures apply to families that have worked hard to […]
Read More9 Golden Rules for Preventing Conflict in a Family Business
Conflict = Family Tragedy Newspapers and magazines revel in a constant diet of spectacular family disasters. The wealthier the family, and/or the greater their celebrity status, the better. Neither the riches of Croesus, nor the paid wisdom of their enormously expensive advisers, seem able to stop these families from spiralling towards meltdown. Trashing the family’s […]
Read More7 Reasons why every Business Family needs a Family Office
Leading a successful business is hard; keeping a family happy is harder; doing both at the same time is a challenge fit for heroes, especially when several generations are involved. A modern Family Office is a facility, or collection of resources, that highly pro-active families establish to directly support their members, and to indirectly support […]
Read MoreThe 7 Key Elements of Organisational Success
Organisations that achieve long term, sustainable success invariably have: “a harmonious workplace AND a strong organisation.” Their high trust cultures encourage everyone to help everyone to do a great job – so the organisation’s goals are consistently achieved. Such cultures are the holy grails of every genuine leader and, just like the grail legend, the […]
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