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010-005 - Family Businesses - Making Them Work

Most family business operators fail to plan the orderly operations of their business and their ultimate retirement. Unfortunately there is a lack of foresight into many of the problems which can affect a business. They don't "plan to fail", they just "fail to plan". This paper - "Family Businesses ...Read more
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Most family business operators fail to plan the orderly operations of their business and their ultimate retirement. Unfortunately there is a lack of foresight into many of the problems which can affect a business. They don't "plan to fail", they just "fail to plan".

This paper - "Family Businesses - Making Them Work" analyses a number of strategies which, if implemented, should play a significant part in ensuring that the family business does indeed work. The paper is presented in eleven pages, comprising:

  • Planning
  • Management Procedures
  • Keys To Success
  • Performance Data And Information
  • Job Descriptions
  • Training
  • Professionalising The Family Business
  • Business Needs Steady Management
  • Communication
  • Family Council
  • "Goodwill" In A Family Business
  • "Death Audits"
  • Management Not Satisfactory
  • Employees In Family Businesses
  • Enthusiasm
  • Managing The Business
  • Balance Between Owners And Managers
  • Outside Experience
  • Problems That Can Affect A Business
  • Who's Going To Do It?
  • Problems In Handing Over Control
  • Handing Over Control
  • Family Business Working