Uncategorized Archives - Page 2 of 2 - Family Business Matters

Structure of a Family Constitution

business-successA family business constitution expresses the will of the family for future generations and gives family members a sense of security about how matters will be handled including a method or process for the resolution of differences. The purpose of a family business constitution is to ensure each family member receives predictable and fair treatment.

By |2017-07-10T13:48:22+00:00February 18th, 2011|Categories: Uncategorized|

Family Constitutions Address Common Conflicts

business-successThere is little that can be done to avoid all family business conflicts. A family business constitution sets up the playing field for orderly succession. It also establishes mechanisms to help resolve conflicts before they have damaging effects on the business and on family relationships. Family constitutions are instruments of governance.

By |2017-07-10T13:48:22+00:00February 14th, 2011|Categories: Uncategorized|

The Family Constitution – Create One Before You Need It

business-successLearning how to write and implement a family constitution is important. Family businesses need rules that define expectations, and a family constitution can be written to address common family business conflicts. As families grow and family business issues become more complicated, a written family constitution becomes one of the most important gifts that founders can give to successive generations.

By |2017-07-10T13:48:22+00:00February 8th, 2011|Categories: Uncategorized|

Compounding the Assets

business-successWhen considering family business growth, an important task of the family business is to ensure the family business assets are compounded over the generations. This means that it is the responsibility of a business successor to work towards leaving future successors with more than was there at the beginning. It's important to have clarity with this task.

Rules of Engagement

business-successFamily business continuity involves the development of an agreement on how decisions will be made or terms for employment of family members. The family's Rules of Engagement define expectations and help a family business avoid running into trouble. Many successful family businesses have pre-set ground rules that define expectations.

By |2017-07-10T13:48:23+00:00January 13th, 2009|Categories: Uncategorized|Tags: , , |

“Austere Times Can Spur a Boom in Creative Energy”

business-successManaging a family business means that difficult decisions must sometimes be made. If a family business is to survive a rough economic patch, it may be necessary to reduce the number of people the business employs. One way to determine who will stay and who will go is to evaluate each employee's level of flexibility and creative problem solving skills.

Family Business, Values and Security

business-successIt's important that the family members running a business have similar family business values. The real security of family business is knowledge that the family has the same core values, and that in good times as well as challenging times, every member of the family is committed to working together in the best interest of the business.

By |2017-07-10T13:48:23+00:00November 26th, 2008|Categories: General, Uncategorized|Tags: , , , , |

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

 

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