| This Month's Issue: |
|
Articles:
Reconnecting the Family Enterprise
Entitlement: The Good, The Bad, and the Sometimes Ugly
Begin at the Beginning
Bringing on the Next Generation
So You're In the Family Business Blog
Upcoming Events:
Traditions and Transitions: Challenges in Family and Closely-held Businesses
May 4, 2011
|
|
 |
|
| Connect with us! |
  
|
"So You're In the Family Business" blog
We'd like to take this opportunity to share our latest resource, the "So You're In the Family Business" blog< /span>.
This blog features some of our favorite articles and pieces throughout the years, as well as commentary on relevant news and issues. This blog also allows us all as a community to comment, provide feedback, and ask questions in an open and online setting.
If you have an article or idea for the blog that you'd like to share, or if there are articles or resources available on our site that you would like to share with your own audience, please contact us today!
|
|
 |
Reconnecting the Family Enterprise
Summer is finally on its way! Along with vacations, cookouts and beach days, this is also an excellent time for families to regroup and reconnect, both inside the family business and out.
To help this process, Transition Consulting Group offers a one or two-day family meeting package, which includes a customized agenda, meeting facilitation services, and logistical arrangements.
The deliverable from this meeting is a family action plan, designed to enhance the bond of both family ties and the family enterprise.
|
|
|
|
Handling Entitlement:the Good, the Bad, and the Sometimes Ugly
Be ing the scion of a business family can carry handsome privileges, but the responsibilities are far greater. There's a constituency of stakeholders who expect business owners to act as careful stewards: employees, suppliers and even the banker, who, when times are tough, can cast a disparaging eye on a spouse's new Mercedes-Benz S-Class.
So what do we do, as family enterprises, to solve the problem? How can we work together to cure the entitlement epidemic, while ensuring both strong business performance and lasting family ties?
Click here to read "Entitlement: The Epidemic of our Era," and be sure to leave your thoughts in the comments!
|
|
|
|
Begin at the Beginning
The average lifespan of a family enterprise is 24 years. Only one out of three survive through a second generation, and one out of ten makes it through a third.
How do you increase your odds of survival? Improve the harmony among your family members through frequent and open communication.
|
|
|
|
How to Bring in the Next Generation
It's no easy task bringing the next generation into the business. The changing dynamics of business, people, culture and values all play a role in how to overcome this challenge. But with communications, entry guidelines, a bit of history, clarity, and a little old fashioned love and respect, there is no doubt that the odds can be overcome and the family enterprise can succeed.
Click here for a few best practices on bringing in the next generation.
|
|
|
| Copyright © 2011 Transition Consulting Group, Ltd | Massachusetts: 508.875.7751 | Florida: 561.626.1110 | www.ForTCG.com |
|
|