Strategy Plan – Aligning the Team Around Big Picture Visions for the Future

Strategy refers to big picture objectives and desired directions of travel for a family, business or organisation.  “Strategy is for generals, organising an army for battle”.  Contrast this with “Tactics” which are for captains, “leading troops into battle”.  Strategy is cerebral (thinking), tactics are operational (doing). Strategy Plans provide the framework for the whole planning […]

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Family Structures – Professionalising Business Families

Best Practice recommends creating family structures that are appropriate to the style, needs and resources of each individual family. The bodies that make up the family structure provide leadership and strategic decision-making on issues that affect the family, as a family. We use separate structures in the family and in the business to raise a […]

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Family Systems – A Systems Approach to Understanding How Families Work

A “system” describes any collection of component parts that inter-connect and inter-act. The traditional 3 Circle Model of Family Business describes family business systems, and locates each participant’s place in it, in a formal, legal sense.  This neat way of classifying things, which works well for lawyers and accountants, is subject to the following observations: […]

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Family Plan – The Plan for the Family

“When you fail to plan you are planning to fail”                Benjamin Franklin. Plan: a set of decisions about things to be done in the future to achieve an identified goal. Family Plan: what the family wants to achieve for its members, and for the family as a whole, over at least the next 25 years.  […]

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Family Business Best Practice and the Best Practice Process Model

One of the primary goals of any business family is to achieve long term peace and prosperity – for the family and the business. This requires excellence, or the application of “best practice”, in both the family and the business.  But, there’s a problem: almost everything that makes a family successful conflicts with business success […]

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Family Alignment – Building Consensus to Enjoy a Shared Future

In some ways, obtaining family alignment is like pulling teeth …. into alignment.  It takes time, effort, due process and some (or lots) of pain.  But the end result makes everything worthwhile – all the “bits” look better, and work better, over the long term. Family alignment should be a primary goal for any family […]

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Advisory Boards – The “Great Leap Forward” for Business Families

Establishing an Advisory Board (or “Advisory Committee”) is one of the easiest, quickest, cheapest and most effective measures any family business can take to improve the quality of its thinking, planning, problem solving and general decision-making. The concept is simple:  an Advisory Board is an identifiable body, established by a family to help it make […]

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Successful Successions in Family Business

Business Succession involves the transfer of Ownership, Leadership, Management and (sometimes) Employment, from one generation to another. The succeeding generation can be within the family, or not.  The objective is to transition the business from one generation to the next, so it can survive and be renewed.  Family Succession is another thing entirely, although the […]

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Family Conflict and Mediation – looking for “Uncle Bob”

Conflict (noun) = a form of protracted discord between individuals or groups. Conflict (verb) =  to clash emotionally, intellectually, materially or physically. Conflict is a form of energy that can be focussed, or unfocussed, on its inbound and outbound course.   Active families constantly generate relationship conflict through their interactions.  Active businesses constantly engage in competitive […]

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Best Practice in Family Business

“Best practice is a technique or methodology proven by experience and research to lead reliably to an optimal result”.  So, if we implement and support Best Practice in our family business we should enjoy success – whatever that means for our business family and for our family’s business. In an “ordinary” business the key measures […]

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