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What is Family Business Succession Planning?

“True success comes only when every generation continues to develop the next generation”. – John Maxwell Many family businesses look at succession planning as an event when the founder finally hands over the reins of the family business to his/her next generation. However, Succession...

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Keys to Writing Your Family Constitution

Keys to Writing Your Family Constitution The four important steps to creating and maintaining a Family Constitution: 1. Create a Family Mission statement: The Family Constitution should begin with a personalized Mission statement. This should be based on your family's skills, abilities, Values, and...

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The Significance of Delegation

Condensed from articles by Gaurav Akrani, PreserveArticle, TheGuardian, Leadershipnow, Smriti Chand, James A. Baker, Lincoln Mel Hughes, Christopher Gould, Robert Tanner, Susanne Madsen, Michelle Randall, Srikanth Krishnamoorthy and Susan M. Heathfield  Understanding the Concept  The process of assignment of specific work to individuals within...

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