Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
As the Baby Boomer generation moves into their retirement years, Australian family businesses are facing the largest intergenerational transfer of wealth and leadership in history. The following article gives some suggestions on how to prepare for succession: http://intheblack.com/articles/2015/11/05/3-trends-family-businesses-should-watch
This article was suggested by our mentor Julie Piper
By BMN
This sounds like the kind of problem you’d want to have – hitting growth targets and achieving enough new customers. But sometimes when businesses reach this point, they become so busy focusing on those customers that they forget about the need to continue to drive new business. Read more in the following article about the factors that can cause a business to struggle with growth: http://www.smartcompany.com.au/sponsored/articles/69689-the-biggest-factors-that-impact-business-growth-and-what-you-can-do-it-about-it/
This article was suggested by our mentor Trevor Payne
By BMN
The following article highlights a few of the hot spots that can spark trouble in a family business as well as some tips to avoid common areas of conflict: http://intheblack.com/articles/2015/12/24/the-art-of-family-business-communication-4-tips-for-avoiding-common-conflicts
This article was suggested by our mentor Julie Piper
By BMN
Generational family businesses fail for lots of reasons, but there are almost always common threads. Lots of family businesses also succeed to their third, fourth and fifth generations. Again, there are almost always common threads. The best advisers guide their clients away from potholes and into a smoother road to long-term success. The following article suggests four questions every trusted adviser should be able to answer: http://intheblack.com/articles/2016/04/04/4-questions-every-trusted-family-business-adviser-should-be-able-to-answer
This article was suggested by our mentor Julie Piper
By BMN
Many businesses fail in their first years of operation, while others thrive and survive over generations. What can we learn from companies that remain relevant after years of trading? The following article gives 10 pointers geared to help ordinary people build extraordinary organisations: http://intheblack.com/articles/2015/09/01/10-ways-to-give-your-business-the-best-chance-at-longevity
This article was suggested by our mentor Julie Piper