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...Read more
Get Your Family Onboard: Lesson 2 From the Pirates – Compensation & Corporate Benefits
Compensation & Corporate BenefitsWhen you look at the rules relating to compensation for the pirates, they left very little room for questions or conflict. It was crystal clear that the Captain will receive 1.5 times the compensation of the crew. The compensation was clearly stated for...
Why Grooming a Successor is Critical to a Family Business
Who will lead the family business once I am gone? What will happen to my retirement when the next generation takes over? How can I tell my daughter she just isn't ready to lead? These are just a few of the questions that can keep a family business owner up at night - and for very...Read more
You Are Not Alone!
“I’m sure you’ve never seen this before” or “Is this normal? No one else can be going through this as well – can they?” These are sentiments I hear far too often from my family business clients. Family businesses often think they are different and that no one else can be going through the same challenges...Read more