Family Business Best Practice Articles Archives - Page 4 of 4

The Family Business “Magic Pudding”

How to achieve peace and prosperity in your family business … in your lifetime! Situation: The Family-in-Business – an energy-laden and explosive mix of passion and potential, capable of doing both wonderful things and woeful things. Challenges: Every Family-in-Business faces some or all of the following challenges: Balance – individual, family and business needs and […]

12 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 […]

9 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 […]

7 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 […]

The 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 […]