When I ask this question of business owners I never get a concise and concrete answer.
It's time to get out the white board and have an open discussion with your family and staff about the end goal
Workshop it until everyone is clear and in agreement. learn how to effectively construct mind maps
Never assume that you have to always find the latest business idea to be effective.
I was looking for notes of a planning session I facilitated 10 yrs ago and pulled out my mind map Today I can recall everything that was discussed at that meeting. Is there really anything new in business process or methodology? Or, is it just the story is told differently and the use of Technology. The end result is still the same. Perhaps Buzan, Covey, Collins, Drucker, Carnegie, et al. were today’s Simon Sinek.
Luv a Duck Pty Ltd is a great Australian regional family owned company. Employing 150 people in Nhill and the surrounding district in Western Victoria.
Started by the founder Art Shoppe with 20 ducklings behind a dry cleaning shop in Nhill 50 yrs ago. Art’s daughters, Teresa and Kim are now building an additional new value added $20 million food facility in Ballarat.
They are setting the stage for 2020’s as the third generation are now becoming active in the business. This is good news as the research states that only 12% of family business survives to the third generation.
They are building a sustainable business for future generations. The owners and leadership team are committed to a growth mindset to take the business to a higher level of performance
Bill Winter is a renowned family and small business advisor and facilitator of the hard to have family succession conversations.