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Handling Change in a Family Business
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Handling Change in a Family Business

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The challenge for Family Business's is effectively handling changes as the business shifts from one generation to the next.Family Battle BattleGround is the nation’s #1 resource and social platform......

The challenge for Family Business's is effectively handling changes as the business shifts from one generation to the next.Family Battle BattleGround is the nation’s #1 resource and social platform for helping you survive and thrive in your family business.

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  • 1. Surviving and Thriving in your Family Business Handling Change in a Family Business www.FamilyBusinessBattleGround.com
  • 2. The challenge for Family Business's is effectively handling change as the business shifts from one generation to the next.   www.FamilyBusinessBattleGround.com
    • Handling changes in the family business depends a
    • lot on the individual's.
  • 3.
    • Some may welcome the change, some may deny the
    • creative idea as an effective way to grow, or some who
    • think they are above all may go the “my-way-the-high
    • -way” approach.
    www.FamilyBusinessBattleGround.com
  • 4. How can the older generation ,who have actually taken the helm of the family enterprise, take the changes as opportunity to improve?
    • First, it must be understood that the changes should be
    • executed in a planned manner and not in a chaos.
    www.FamilyBusinessBattleGround.com
  • 5.
    • Second, it should be understood that changes are
    • opportunities for improvement and should be accepted
    • without raising any anxiety.
    www.FamilyBusinessBattleGround.com
  • 6.
    • Any new venture gives a chance for exploring
    • alternatives and evaluating experiences.
    • It should be acknowledged that the old era structure
    • has to come to end and the new era should be
    • introduced for changes
    www.FamilyBusinessBattleGround.com
  • 7.
    • A family member should never forget that to create a successful family business it has taken many years or even generations.
    • So any internal conflict due to new ideas of present
    • generations can shatter a family business more than all your competitors combined.
    •  
    Changes are opportunities for revaluation of the 'course' the business is following. www.FamilyBusinessBattleGround.com
  • 8. A family business is not likely to last many generations if the family is spending more time in the "blame game", than working mutually and coming out with fresh and creative ideas. www.FamilyBusinessBattleGround.com
  • 9. Be a part of World Class Social Platform- Handle changes in your Family Business. Surviving and Thriving in your Family Business www.FamilyBusinessBattleGround.com