Business owners have a lot on their plate: they are constantly pulled in a million directions and are often busy putting out the proverbial fires that come with the territory. Unfortunately, this is one of the reasons most ignore or put aside succession planning. After all,...
Getting engaged, planning a wedding, and exchanging vows are all momentous occasions in an individual's life. Often, those planning a wedding focus on the ring(s), the venue, and the flowers; however, if you're a business owner or a potential owner (i.e. successor), careful consideration must...
The pirates’ exit strategies although quite brutal, were perfectly clear to the crew onboard. These are not necessarily the recommended exit strategies for family members, although, it may sometimes feel like these methods would be appropriate! The code of conduct or articles onboard ensured that the terms...
As we can see from the pirates’ Code of Conduct, what was expected from each pirate while they were onboard the ship was clear. Furthermore, the consequences for non-performance was also made clear.
In many family businesses, family members are hired with little regard for...