Australia and New Zealand’s Leading Family Business Advisers
Align the family and the business will follow
Timing is everything when it comes to succession planning in family business.
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Taking any company from start-up to a successful business is an enormous challenge; it can be even more challenging in a family business as there are many unique considerations to address if the business is to evolve and grow.
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Solid business governance and processes are an important area for all family businesses as they look to grow the business. This is all part of what we call the Evolution of Family Business.
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Core themes for any family business. For a family business to effectively manage succession, each generation needs to be “their best” and this means two things… Communication and Leadership.
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The Differences Between the Family Council and the Board in a Business. As a family business, it is important to have the proper systems in place to help keep the family and business aligned and ensure both business success and family harmony.
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The pitfalls of managing other family members, within the family business, when their performance is not up to standard, or they behave in inappropriate ways.
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For a long lasting family business, the family has to come first. The business is really a large and important tool that enables a family to come together to discuss how to protect and grow the family!
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Families come in all shapes and sizes; we often get two generations in a room discussing succession planning. However, every so often we get three generations in one room to discuss their family business – and this is a very special event.
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One aspect of family conflict that is not talked about so much is sibling conflict. How do you maintain harmony during difficult discussions or trying times, and still come together for family gatherings?
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If relationships in your family business are sometimes a little rocky, we’ve got some expert advice on keeping things calm over Christmas lunch.
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