It is easy to bring your children “into” the business. Most family businesses start this by simply employing their kids often while they are on school holidays. But what about employing them for a lifetime career? Without a strategy and a … Read more
Working with Family Members
It usually starts out when the founder’s spouse (usually the wife) helps with the business accounts. Or the teenage children need cash and help dad out in the office, warehouse or in the factory during school vacations. Such is the beginning … Read more
Roast Lamb and the Family Business
We have had a Sunday roast lamb with my wife’s parents now for nearly forty years. Even our children have grown to love this family ritual. Throughout the world, the tradition of the regular sharing of food brings families together even after … Read more
Passing the Baton
It is great to see families in business together. Especially across the generations.
No doubt there are some downside, but the benefits can be huge. It can bring significant financial benefits that can outlast the founders. It can bring a sense … Read more