It was great to chat with Matt about ways people in family SEO businesses can think about their succession planning. When families run their businesses and the business is split between an older and younger generation, there can be stressors between the two groups on how to run and market their business, let alone which tactics to use…
I had a great time chatting with John about Succession Planning and Strategies for Running a Successful Family Business.
Telling a child that they will not be taking over the family business can be a difficult and emotional conversation for any parent!
Family businesses make up 40% of Fortune 500 companies and 60-80% of global enterprises worldwide, so it’s safe to say they’re the rule, rather than the exception. On top of the pressures of maintaining and improving business performance in an increasingly competitive world, family businesses bring with them the stress of managing family relationships. This overlap of family and business …
I had a great time chatting with Chad about all things Succession Planning! Do you have someone in mind to inherit the business? Do your children even want the business? Lots of great energy and ideas flying around this conversation… give it a listen!
Sibling relationships can be complex and difficult, especially when siblings work together in a family business. Rivalry between siblings can lead to productivity problems, employee conflicts, and financial difficulties for the company. Families must find ways to work together effectively and peacefully to avoid these negative consequences. So, how do they do that? Let’s first look at what drives this …
Something I’ve realised over the years is that the passing of a family business from one generation to the next can be a catalyst for either the success or downturn of the company. While studies have shown that family-run businesses perform exceedingly well, even more so when the family works well together, help is usually needed to make the transition …
In this episode, as it’s the very first episode of our first season of our new podcast about Family Businesses and Succession Planning – I thought it was only fitting to have the original founders of my own family business on to talk about their journey and what they’ve learned along the way. I knew most of the stories, having …
Core values are the foundation on which a business is built. They help define the company’s identity and govern its actions and decisions. Every business has unique core values that set it apart from other companies. They play an important role in shaping the company’s vision and guiding its day-to-day operations. There are many different types of values in business …
I had a great time chatting with Rob on the Learning from Smart People Podcast. We talked about my thinking around succession planning, both in a family business and in any kind of scenario where you want to take someone in to help you run your business.