There are three core elements of an effective family business: honesty, fairness and transparency. These qualities are key to the longevity of an effective family business.
How these traits are recorded and communicated down the line is not only important but necessary. It’s easy … and it’s called a Family Charter.Read More
We spend a lot of time talking to family-owned businesses about the importance of developing a Family Charter together.
“Why?” you ask. Or, “What’s a Family Charter?” you might be wondering. Put simply, a Family Charter is a written agreement between family members.Read More
Normally people talk about STD’s especially in that embarrassed, sotto voice, ‘I can’t believe it happened to me’ way…. However in this blog I’m talking about a different STD: Sexually Transmitted Disputes, how families pass on the same fight currently happening with the current generation for the next generation to battle it out with one another.Read More
At Family Business Central we believe the secret to a great family business is to get the ‘business of family’ sorted out before anything else. Mixing family and money together can be a pretty lethal undertaking—we’ve all heard of the various disaster stories. The toxic mix of greed, love, loyalty and money can be pretty powerful.Read More