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Family Business Blog

Aug 15, 2017
I recently sat down with a potential client who presented me with his plan for the next 10 generations! Wow what an inspiration. Read more...
Jul 19, 2017
A Family Charter (or Family Constitution) is a document that is a key element in setting out the relationship between the business and the family. It defines the 'rules of the game'. Read more...
Mar 01, 2017
The following question was posed on the Mindshop Discussion board by a concerned business consultant. For what it's worth, here's the response I offered. Read more...
March 01, 2017
Brad, the managing director of a manufacturing business, died suddenly and unexpectedly at the age of 58. Being an entrepreneur, (and therefore immortal), no management or ownership succession plan had been developed. Read more...
May 11, 2016
Having worked with family-owned and managed businesses throughout my working life; probably the one report that inspired me to focus exclusively in this space was the 1997 Australian Family and Private Business Survey. Read more...
Jun 06, 2014
We were recently asked to contribute to Family Business Magazines ‘Brains Trust’ column. There’s only so much that can be said in 150 words, so here is a more comprehensive response.
The question:I’m getting ready to step back from running the business and while my two kids are keen to take the top job I just don’t think they’re up to it – not yet anyway. I think an outside CEO would be best but how do I tell my kids and get them ready for my replacement? Read more...
Nov 07, 2013
Information about what’s going on in the world of family business keeps growing. Two Australian surveys have recently been released, the MGI/RMIT Australian Family and Private Business Survey and the KPMG/FBA Family Business Survey 2013 conducted by Adelaide University. The surveys are independent and address different aspects of family business, so reviewing the results in tandem leads to some interesting insights. Read more...
Oct 31, 2013
This article, written by Harry Kras, was originally published in the Family Business Magazine November 2013. Read more...
Sep 22, 2013
When it comes to family business there is a saying that's common around the world. In some countries it's 'shirtsleeves to shirtsleeves in three generations', in others it's 'clogs to clogs...' in China they talk about how the first generation creates the wealth, the second lives off it and the third generation waste it. Read more...
Sep 18, 2013
Fathers and sons often have a fraught relationship. In something akin to the 'old bull' versus the 'young bull', they seem to be in a never-ending battle. Interestingly, the issues don't seem to rise to the same extent as father-daughter or mother-son relationships. Read more...
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