Family Succession- History

In this second of the series we will briefly look at how history can impact on Family Business Succession.

The story behind how a business starts is often fascinating. It often began with a fascinating vision from the founder on his goal and meaning behind starting his own business.

We at Team Results have outlined a few common issues from business owners:

  • What can Team Results add to a business owner with 40+ years experience?  However is it experience or a case of photocopying what worked in the first 5 years and applying it every year since?
  • Being able to pass on your understanding from the mistakes you’ve made.
  • Not understanding the maturity in the next generation, protecting our children unnecessarily from error.
  • Rivalry and miss-communication from the ‘Pink Elephant in the Room’ (see previous blog in series).

The history of a business and it’s owners needs to be considered as there must be a consensus that the past will be the past to allow the business to move into the future.

For the full article click here.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s