Exploring Family Business · 2020-10-29 · 37 min
Entering into the family business and the experience it offers - 3m 30 It can be difficult to know what you want to do in life as a career and for Chris, he was toying with the idea of becoming a painter and decorator. However, plans changed when his father stepped in to offer him a 6-week placement that turned into a 34-year long career, offering experience from factory work to sales to customer relations. Family dynamics - 11m If one sibling is allowed to go and have a career out with the family business then join in later years, while the other has worked their way up the family business ladder, can this cause resentment? Or does it actually help provide different perspectives and skill sets? Taking on the parent’s business role - 15m 50 Becoming the MD or essentially the face of the business isn’t an overnight occurrence. Instead, it is a continuous process of learning and gaining insight and experience of others to help push the business forward. Bringing in the next generation - 20m 50 It’s a good idea to understand the next generation’s skills and what they can bring to the business.
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Recipe for Success - The Story of How a Successful Family Business Transitioned Between Generations61 / 100
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Helping Next-Gen Family Entrepreneurs Forge Their Own Paths74 / 100
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