Family Business - articles & tools for success
Family businesses come in many sizes, and research shows that they can
have clearly defined problems, which frequently are repetitive and
avoidable. This collection of articles comprehensively covers the issues
facing the family business.
Family
Businesses - How Do You Avoid Those Costly Pitfalls? 
Category: Expert Talk > Family Business
These businesses come in many sizes, and research shows that they can
have clearly defined problems, which frequently are repetitive and
avoidable.
A
Guiding Hand For Family Businesses
Category: Expert Talk > Family Business
There are many advantages and disadvantages of running a private family
business compared with a listed company, and an adviser like your
accountant may just be the person to help you avoid the pitfalls.
Capitalizing
On The Strengths Of Family Owned
Businesses
Category: Expert Talk > Family Business
Family-owned businesses (FOBs) constitute the oldest and most common
form of commercial activity around the world. Unlike public companies
(many of which are also family dominated) where ownership, management, and
control are relatively distributed between company management, the board
of directors, and shareholders, the FOBs situation is reversed.
Improving
Family Business Performance
Category: Expert Talk > Family Business
Some FOBs have a long-term history of consistent profitability. Others,
however, have a similarly long-term history of weak performance. The
obvious question is why.
Questions
That Clarify A Family Business's Success Rating
Category: Expert Talk > Family Business
What are your answers to these questions?
Keeping
The Fire Burning In Your Entrepreneurial Family's Belly
Category: Expert Talk > Succession, Mergers & Acquisitions
When members work together in, or share ownership of an organisation,
it is virtually impossible to separate the different elements of the
whole.
Strategic
Planning: Keeping The Planning Process Simple
Category: Expert Talk > Strategic & Business Planning
Many FOB owners express the view that they don’t have the time to
plan for the next couple of months, much less for the next two or three
years.
Overlap
Between Business Plans And Family Plans
Category: Expert Talk > Family Business
Strategic planning involves putting in place a course of action to
achieve future goals and objectives. Since an owner’s departure from the
organisation is inevitable, owners that engage in strategic planning are
more likely to be prepared for the future continuity of their enterprises
than those who do not.
Family
Business Tools & Processes: A Three-Circle Map & Developmental
Models Of Family Business
Category: Expert Talk > Family Business
The theory informs the practice; and practical experience shapes the
theory.
Ensuring
Continuity In Family Firms
Category: Expert Talk > Family Business
The experience of many firms suggests that cultures do indeed change as
new leadership takes over.
Family
Council
Category: Expert Talk > Family Business
Implementing a Council made of key members creates a venue for
discussion of important company issues.
Family
Business Charter or Constitution
Category: Expert Talk > Family Business
A documented constitution outlines strategies and solutions which can
be implemented to deal with matters that impact on organisational issues.
Keeping
The Family Business Together
Category: Expert Talk > Succession, Mergers & Acquisitions
The average life expectancy of a FOB is around 25 years, the tenure of
one generation.
Entrepreneurs
Require Demystification Of Financial Management
Category: Expert Talk > Risk Management
Lack of financial management is often cited as the main reason for
business failure. Formal accounting techniques and reports fail the
entrepreneur, as these procedures are too rigid and too slow to respond to
events, and historical accounting methods often do not reflect the current
activities of the business. This article discusses the need to bridge the
gap between accounting practices and entrepreneurship.
How
To Succeed At Succession
Category: Case Studies > Succession, Mergers & Acquisitions
The CEO of a hardware chain in Victoria knows it is time to retire. But
how to pass the baton - and to whom?
Ambivalence
Concerning The Development Of A Succession Plan
Category: Expert Talk > Succession, Mergers & Acquisitions
The founder letting go of his business can be compared to a
father leading his favourite daughter down the aisle. He knows he has to
let her go; he did not choose his son-in-law and yet he has to hand over
his precious daughter for better or for worse and trust that things will
turn out all right. (Anonymous)
Building
Employee Trust
Category: Expert Talk > Workplace Change, Culture & Innovation
As we have learned throughout history, success in carrying-out a
corporation’s strategy is significantly affected by the culture of the
organization and the effect it has on developing and maintaining levels of
intensity and dedication among employees. How then do strong culture
organizations develop intensity and commitment?
Shareholders
or Beneficiaries (Buy-Sell) Agreements
Category: Expert Talk > Family Business
A buy-sell agreement is an arrangement or contract between shareholders
or beneficiaries that specifies certain ownership rights among owners of
fshares or partnership interests.
Articles: Family Business Issues |
