The thorny issue of succession planning in US family businesses has reared its head again in a Deloitte survey which revealed that only 50% of owners admitted to reviewing their plans when a crisis hits. As an experienced business strategist and performance coach boosting the effectiveness of family run enterprises, I found the fact that […]

I sometimes find owner managers approach me with a dilemma about what to do when their children are not interested in taking over the reins of the family owned business. This not only presents a succession issue but also a sense of loss and massive gap accompanied by the questions: “What have I been building […]

Having witnessed how world and Olympic cycling champion Victoria Pendleton beats herself up when putting a toe – let alone a foot – wrong on Strictly Come Dancing, I’m not surprised that new scientific research suggests perfectionism is inherited not learnt. However, whereas Victoria’s cycling skills are inherited from her father; the same scenario cannot […]

Apprehensive, scared and excited are just some of the words to describe those about to take over the reins of the family business – of which there are around 4.5 million in the UK.    While seeking the same key business performance and profitability goals as every other company in today’s tough climate, family businesses face […]

In the countdown to 2012 are you among the many business owners thinking about getting out of your business?  According to Robert Burton, Corporate Finance Director of accountants Mazars there has been a significant increase recently in the number of enquiries from owners seeking to exit. While there could be many reasons for this upsurge, […]

Have you taken the necessary precautions to stop yourself worrying about the future of your business – or are you going to continue being fearful and leave things to chance? The words of Roald Amundsen, the famous Norwegian explorer and first man to complete a mission to the South Pole in 1911: “Victory awaits him […]

The recent news that bad management costs the UK £19bn a year comes as no surprise. The findings of a study by the Chartered Management Institute reveal that three quarters of UK workers waste one and a half hours a week due to unclear communication from their bosses, a lack of support and “micro-management”. As […]

  You need to think very carefully before you decide to exit your business. With all the economic uncertainty and the prospect of low to moderate business growth over the next five years, the idea of getting out is very appealing to many business owners and leaders.  I know it’s not that simple or easy, […]