Business Strategy

Planning and decision making approaches for family owned companies. Articles address expansion options, exit strategies, and balancing emotional considerations with business needs.

Adjusting the Business to Married in Family Members

When family members marry in, help them learn your business gradually through entry-level roles before moving them into key positions.

Closing Down a Family Business: Having a Clear Exit Strategy

Plan your family business exit before you need to, whether you're closing quickly or taking your time about it.

Crisis Management Systems for a Family Business

Set up crisis management systems in your family business to handle internal conflicts and external threats before they threaten your survival.

Delegation: Recognise Your Limits and Persuade Others

Accept you can't do everything and learn which team members should handle what tasks to run your business better.

Distribution of Assets: Giving Control to Family Members

Protect your business assets by transferring ownership to family members, keeping them safe if the company fails.

Expanding a Family Business

Growing a family business takes careful planning, timing, and making sure your whole family can handle the demands ahead.

Keeping Emotions Out of Family Business Decisions

Set boundaries between family and business to keep emotions from clouding your management decisions and protecting your company's success.

Long Term Business Planning Across the Generations

Family businesses can plan decades ahead while competitors think quarter to quarter, giving you a real competitive advantage.

Recession Proof Your Family Business

Help your family business survive a recession with practical steps like upgrading technology, maintaining marketing, and nurturing customer relationships.

Strategic Planning: Business Development

Getting your whole family involved in business planning helps everyone understand the direction and prepares you for changes ahead.

Streamlining Buying Procedures

Family businesses can speed up buying by giving trusted people authority to make purchases without constant approval from multiple family members.

The Environment and a Family Business

Family businesses can cut energy waste and boost profits while building customer trust through smarter environmental practices.

What to Do if Somebody Offers to Buy Out the Business

When someone offers to buy your family business, evaluate the offer carefully by assessing your assets, profits, growth rate and market outlook.