Business Strategy
Having a good business strategy in place is a key part of a family business. This section looks at how to recession proof your business, how to include married in family members, distribution of assets, and expanding a family business.
Below are our 13 articles in the business strategy' category:
What should you do when a new, married-in family member wants to become a part of your family business? A look at developing effective relationships,...
It may seem strange to think about it when all is going well, especially if you've only recently started up, but every business needs a clear exit...
Every business can find itself in a crisis. This can take many forms from internal issues with family members, to a commercial crisis that is...
It has often been said that the real art of management is delegation. Nobody can do everything, and by recognising your limits you can strengthen,...
In a business, assets can be at risk if financial troubles occur, with the business' property able to be seized to help pay off bad debts.
There...
A look at the process of business expansion and the particular issues involved for family based businesses. How to choose the right time to expand,...
Families are naturally emotional environments. Businesses are not. How can you make sure that the strong emotions often generated by family...
One of the big advantages of a family business that gets passed down through generations is that it provides the opportunity for really long term...
In a downturn a family business must make sometimes radical changes to its operation to ensure it survival until a recession comes to an end. With...
A guide to developing strategic planning initiatives within a family business. How to structure them around the needs of the family, how to take into...
Decision-making in a family business is often a complicated affair. Often it's usual for spending to be discussed between several different people...
An average small office based company in the UK has an average annual energy bill of around £2,100 but could be wasting over £400 of this every...
If you've worked hard and have successfully built up a thriving family business there's a strong possibility that, sooner or later, somebody will...
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