Business Strategy
Adjusting the Business to Married in Family Members
If you've tried to keep everything about your business - or at least the core parts of it - within the family, dealing with newcomers who want to get involve...
Closing Down a Family Business: Having a Clear Exit Strategy
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 strategy....
Crisis Management Systems for a Family Business
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 impacting on th...
Delegation: Recognise your Limits and Persuade Others
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, rather tha...
Distribution of Assets: Giving Control to Family Members
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 are various...
Expanding a Family Business
Expansion is always a nerve racking process for a small business. It can be very exciting, as lots of new possibilities emerge and everyone looks forward to...
Keeping Emotions Out of Family Business Decisions
Families are naturally emotional environments. Businesses are not. How can you make sure that the strong emotions often generated by family situations don't...
Long Term Business Planning Across the Generations
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 planning. T...
Recession Proof Your Family Business
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 the credit...
Strategic Planning: Business Development
In any business, strategic planning is something which ought to involve as many people as practicably possible, at least in terms of assent. In a family busi...
Streamlining Buying Procedures
Decision-making in a family business is often a complicated affair. Often it's usual for spending to be discussed between several different people before it'...
The Environment and a Family Business
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 year by usi...
What to do if Somebody Offers to Buy out the Business
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 express an...