Why Some Family Businesses Succeed And Others Fail - David C. Bentall скачать в хорошем качестве

Why Some Family Businesses Succeed And Others Fail - David C. Bentall

To learn more about Breakthrough Academy, click here: https://trybta.com/YTEP113 Check Out David’s Book Leaving A Legacy here: https://www.amazon.ca/Leaving-Legacy-... Connect With Next Step Advisors Here: https://www.nextstepadvisors.ca/ Did you know that 85% of businesses (globally) are family owned?   And did you know that family businesses, on average, last twice as long as non family businesses? Turns out entrepreneurs like to keep their success in the family.   That doesn’t make it a walk in the park though. On the contrary, running a company with your mom, dad, sister, brother, cousin, uncle, or [insert relative] adds a layer of complexity that few understand. How do you maintain professional, productive working relationships during business hours, and then slide into loving and nurturing family relationships the rest of the time?   How do you keep your responsibilities to the company separate from your role as parent, son, or daughter? Then comes the question of succession planning. Who is going to run this thing when the older generation retire?  How do we structure and prepare for that transition? For answers to these questions and a bunch more, watch this week’s episode of Contractor Evolution with David C. Bentall. 00:00:00 - Intro 00:02:41 - The Bentall Family Story 00:07:57 - Next Step Advisors 00:10:33 - What's the success rate of parents transitioning businesses to their kids? 00:15:00 - What are the challenges unique to family businesses? 00:18:46 - Why do some family businesses fail at succession? 00:23:38 - How can wealthy parents keep their kids hungry and motivated? 00:29:21 - What should parents do proactively for a successful transition to their kids? 00:42:28 - Family Business Best Practices 00:46:56 - The Benefits of a Board of Directors 00:54:46 - Conflict Resolution Mechanisms 01:01:35 - Shotgun Clauses Subscribe to Breakthrough Academy to never miss a video! 👇 http://bit.ly/youtubebta Interested in working with us? Let's chat: https://trybta.com/welcome Join our Facebook Group:   / contractorroundtable   Connect with us on Social Media: Facebook:   / thebreakthroughacademy   Instagram:   / btacademy   LinkedIn:   / 10175179   Email: info@btacademy.com Phone: 1-800-875-1704 #BTA #BreakthroughAcademy #BuildingSuccess