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Dealing with people and relationships invovled in the management and ownership of the family business needs careful thought as emotions are involved and can affect the communication and decision-making processes.
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Influence Of Consensus In Family Firms
When the ownership system is believed to be frozen in time, owners often concede too much power to irrevocability and underestimate the power of consensus to reflect change. Read More
What Will You Do After The Funeral?
No one likes to think of it. No one wants to imagine what life would be like if we were to have to go on without our spouses, best friends, and lovers. Read More
Family businesses benefit by leveraging knowledgeable senior family leaders with innovative members of the next generation according to David Harland. Read More
Family Businesses Need Shareholder Agreements Too
How a shareholders’ agreement is put in place to provide clarity amongst shareholders’ in regards to how the business operates and what happens in one of those doomsday scenarios. Read More
Pre-Nuptials & The Family Business
A wedding day is, of course, a time for celebration. But for family businesses (even the happiest), it may not be free from nerves: what does the acquisition of a new son or daughter-in-law mean for the firm? Read More
Integrating In-Laws Into The Family Business
There is no template for succession planning in family businesses. How a family business owner hands over the reins to their child or children and how successful the transfer is depends on years of planning. Read More