Don Schwerzler’s Post

FAMILY FEUDS: Seven simple tips to prevent family feuds from killing your family business Family feuds - whether they start in the family and spill into the business or start in the business and affect the family - are a major factor in family businesses having such a poor survival rate. Studies indicate that only about 30% of family businesses successfully transition from the first to the second generation; only about 12% successfully transition to the third generation; and only about 3% successfully transition to the fourth genertion!

The sale of a family business is not the end. In the latest article in Mishcon de Reya's Families in Business series, Laura Chandler explores how selling a family business can signify a new chapter for the family involved:

I know what my dads answer to this question was, but I am super curious what everyone elses answer to this question might be who have been involved a family business….please give your advice regardless of your industry! #scraplife #family #familybusiness #generationalwealth #generationalcourage #

The sale of a family business is not the end. In the latest article in Mishcon de Reya's Families in Business series, Laura Chandler explores how selling a family business can signify a new chapter for the family involved:

Running a family business can be tough, but it doesn't have to be a constant battle. I recently talked with Doug Thorpe about strategies to bring peace and productivity to your family company. Listen here: https://lnkd.in/gTPzUjMz. #FamilyBusiness #WorkplaceDisputes #ManagingConflict #ExecutiveCoaching

The sale of a family business is not the end. In the latest article in our Families in Business series, Laura Chandler explores how selling a family business can signify a new chapter for the family involved: https://lnkd.in/eH53Zk3d

The sale of a family business is not the end. In the latest article in Mishcon de Reya's Families in Business series, Laura Chandler explores how selling a family business can signify a new chapter for the family involved:

The sale of a family business is not the end. In the latest article in Mishcon de Reya's Families in Business series, Laura Chandler explores how selling a family business can signify a new chapter for the family involved:

A planned transition of power in Family Business is far better than not, for both Family and the Business. Taking those tough decisions now and implementing it from now on wards, is far better than loosing everything that you have built as a founder. Family Business is a serious matter. #familybusinesses

Family is important, the family business is important, but which is more important to you?   In some cases, this is a question that family business advisers may need to ask their client. It also happens to be a question that my own family was faced with before we sold our company in 2018.   I wish I could say that there is always a path forward for families that want to be happy while staying in business together.   But I can’t, and neither can anyone else who’s being truthful.   Often the challenges can be overcome, but not always.   Sometimes, personalities keep clashing and the family members are so enmeshed and entrenched in destructive patterns of behaviour that it’s best for everyone to stop trying to work under the same roof and start focusing entirely on being a harmonious family.   In such cases, a break between the business and one or more family members may give the family AND the business a new lease on life. And what seems to be a loss will, in time, become an opportunity and – quite possibly – a win for everyone concerned.   Have you ever walked away from something to save it?   #familybusinesses #relationships #businesspsychology