Your SlideShare is downloading. ×
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Common Mistakes In Family Business
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Common Mistakes In Family Business

1,983

Published on

Some common mistakes, you should avoid in your family business

Some common mistakes, you should avoid in your family business

Published in: Business, News & Politics
0 Comments
5 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,983
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
5
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. www.FamilyBusinessBattleGround.com COMMON MISTAKES MADE IN FAMILY BUSINESS
  • 2. • We are together in a family business to prosper and harvest the best that is possible. www.FamilyBusinessBattleGround.com
  • 3. • A few silly mistakes can lead us to ruin and turn from riches to rags. www.FamilyBusinessBattleGround.com
  • 4. www.FamilyBusinessBattleGround.com should some errors not make while in a we FAMILY BUSINESS
  • 5. www.FamilyBusinessBattleGround.com • A tight knit family relationship will turn into efficient working relationship is not always true. • In fact the business relationship can ruin all the previous years of love. 1 http://www.claimedix.com/Images/BRM.jpg
  • 6. • Evaluating the situation individually and handling it with care is necessary. www.FamilyBusinessBattleGround.com http://www.ccmbl.md/images/aug07/1.1.jpg
  • 7. www.FamilyBusinessBattleGround.com 2 The employment of any family member should be based on •education, • experience, • work ethic and • competency fulfilling the requirement of the job.
  • 8. www.FamilyBusinessBattleGround.com • Hiring a non related individual to make personnel decisions can prove to be professionally rewarding. http://www.wmin.ac.uk/mad/images/cpu-tutor.jpg 2
  • 9. 3 www.FamilyBusinessBattleGround.com • Keep family discussions at home making the work place totally professional and appropriate for business only.
  • 10. www.FamilyBusinessBattleGround.com • An early succession plan always is good as it keeps squabble and disagreements away from the family business. 4
  • 11. www.FamilyBusinessBattleGround.com • Transition problems can be diminished at the actual time of transition with a ready successor declared beforehand.
  • 12. www.FamilyBusinessBattleGround.com 5 • Involve the younger generation in the decision making process. http://www.istockphoto.com/file_thumbview_approve/7835996/2/istockphoto _7835996-happy-business-people-standing-together.jpg
  • 13. • Implement their ideas to bring in auspicious changes and incorporating the younger generations insights into the business. www.FamilyBusinessBattleGround.com
  • 14. www.FamilyBusinessBattleGround.com Be part of a World Class Social Platform - Handle changes in your Family Business. Surviving and Thriving in your Family Business

×