FREE
A family council is a type of supervisory board comprising of some selected family members to govern the working of [...]
FREE
It is necessary to decide how the family business will be managed by the family members. Answering the following questions [...]
FREE
Members of the owner family may naturally wish to work in the business. But, people vary in personality, attitude and [...]
FREE
Establish a process through which all the members of the family who have a direct or indirect stake in the [...]
FREE
If we wish to involve family members as employees in the business, it should be more on the basis of [...]
FREE
The lifespan of a business may outlive that of its founders. There are many businesses which continue for more than [...]
FREE
Following errors must be avoided in choosing a family business successor: Many business owners don’t give a serious thought to [...]
FREE
Here is what should be kept in mind while choosing a successor for your family business: Give priority and importance [...]
FREE
Here are errors which some owners make in getting the successor ready for the top job: No Planned Hand-over Process [...]
FREE
A business has many participants and many variables interacting with each other all the time. A large number of activities [...]
FREE
Every progressive company must have a defined set of reports which are regularly generated and checked within the company. The [...]
FREE
The business leaders must meet all the department heads individually and collectively at very regular intervals to review the status [...]
FREE
Here are some suggested reports. This list is only indicative and a company should add or remove items from this [...]
FREE
Daily Production report Material consumption report Job work review (if company outsources its production) Machine breakdown report Manpower report Critical [...]
FREE
Business operations are exposed to different types of risks because of uncertainty. Successful business management must ensure proper safeguard and [...]
FREE
The potential life span of an organization is larger than an individual. People don’t remain static at one company. They [...]
FREE
The business requires different types of documents, papers, agreements, certificates, licenses etc. All the documents related to the business and [...]