Posts tagged "why family businesses fail"

Family businesses often naturally possess the all-important ingredients for long-term success: trust, a unified vision, commitment and stability.

Not having a clear plan for the future affects all areas of a business; one of the best ways to address this is to develop a family constitution.

Leadership is an elusive skill, but it is also a critical function that can determine a family business’ ability to survive and thrive.

A family business fallout has ended in tears after a worker fired for turning up late to dinner was awarded compensation for unfair dismissal.

Here are the top three questions family businesses ask (with answers), gathered from 20 years working closely with many family groups.

Look at the history of any successful entrepreneur, and you’ll spot a bloody trail of significant failures dotted behind them.

Family businesses across the world are advancing women, including non-family members, further and faster than their counterparts.

While the principle is clear, the practice is sometimes harder to implement. Here are five steps for creating clear roles in your family business.

Many of the world’s most successful businesses are family businesses. But while over 70% of Australian businesses are family run, only 30% survive the transition from first to second generation and just 12% making it to the third generation.