“Family Business combines the best and worst elements of relationship and competitive conflict to produce a dense fabric that’s too strong to pull apart.” https://t.co/ee3R6eo8FI #familybusiness
“The succeeding generation can be within the family, or not. The objective is to transition the business from one generation to the next, so it can survive and be renewed.” https://t.co/Te6tlWWwFu #familybusiness
“If the family lacks confidence that it can manage its own constructive conversations, they can turn to a trusted facilitator for help” https://t.co/QwXQQWjQJL #familybusiness
“If you’re running a business with your family, you know that one of the most overarching difficulties is in balancing (physical, emotional, spiritual, communal) health of your family unit & members with the (financial, economic) health of your business” https://t.co/ebfKBmPF9A
“Best Practice is a goal, a process and an outcome – the result of a long journey of many parts. It implies, and helps to deliver, success.” https://t.co/21JKDssPNJ #solutionist#familybusiness
“Running a business, you’ll have good days and bad days, but if you love what you are doing, you’ll be able to push through challenges to the other side without feeling like you should be doing something else” https://t.co/3ftmgJiU3c
“Research and experience indicate that the core ingredient of their magic pudding mix is Family Alignment, supported by a Family Plan that spans the next 50 to 100 years.” https://t.co/YZ2tWSZev7 #familybusiness#businessfamilies
“With Baby Boomer business owners now reaching retirement age, the next few years could see as many as 350,000 Australian small businesses going under the hammer.” https://t.co/TbwQWtiuzU #familybusiness#smallbusiness
“Throughout the Western world, less than 5% of all family businesses survive the third generation curse: “from shirt sleeves to shirt sleeves in three generations”” https://t.co/YZ2tWSZev7 #familybusiness
“Business Succession involves the transfer of Ownership, Leadership, Management and (sometimes) Employment, from one generation to another.” https://t.co/Te6tlWWwFu