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Are we missing the big picture?
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Read more: Are we missing the big picture?Recently a friend sent me an article, she thought I would enjoy reading. It raised two important issues for me. As advisors we have so much experience, we know what works well and what doesn’t. We can assist businesses to be big businesses. But is big business really best?…
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Tips to help family business owners embrace their entrepreneurial spirit
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Read more: Tips to help family business owners embrace their entrepreneurial spiritEntrepreneurial spirit is one of the key drivers in a family business. Much of this spirit is comprised of self-motivation or inner drive and the need to follow a passion. Entrepreneurs are by nature innovative, creative, and risk takers. But, not all entrepreneurs are successful business owners. It takes more…
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Inexpensive technology helping family businesses grow
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Read more: Inexpensive technology helping family businesses growMost people love to go to the hairdressers to be pampered. To have some “me” time or the amazing head massages. Catch up on all of the aged gossip magazines! But my interest in family business, I am keen to hear how business is travelling and any new initiatives the…
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Thriving to future generations
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Read more: Thriving to future generationsWith less than 30% surviving to the third generation, family businesses face unique challenges if they are to thrive into the future. Despite successful beginnings, family businesses do at times struggle. This is sometimes a result of second and third generations insisting on running the company even when they…
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Modern family business
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Read more: Modern family businessToo much too soon: In a small suburban garage a mother and a father began building their business. Mum tested new recipes while Dad made the product and drove around distributing it. Even when the business moved to a factory, Dad knew everything about the process. He knew all…
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Accounting in the cloud
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Read more: Accounting in the cloudIf you’ve read anything about accounting software in the past year, odds are you’ll have come across references to cloud technology. So what is cloud technology and what potential does it offer you and your business? Accounting software with a cloud component enables your data to be stored securely…
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Innovation: Your key to success
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Read more: Innovation: Your key to successIncreasing innovation is one way Australian family businesses can remain a step ahead of their competitors and position themselves as unique. In a global market where technology and ability to adapt quickly are paramount, simply keeping up with your competition won’t be enough to differentiate yourself. As Apple corporation’s…
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Letting go of the reins
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Read more: Letting go of the reinsOnly about 30% of family-owned businesses survive into the second generation; 12% are still viable into the third generation. Only about 3% of all family businesses operate into the fourth generation or beyond, according to research by the Family Business Institute Imagine the British Royal family as an Australian…
Family Business Insights
Expert insights and practical guidance for family businesses and family enterprises. Explore articles on succession planning, governance, legacy, and long-term wealth stewardship.
