Operating a family business has many challenges, from deciding on legacy issues to managing the complex interdependence of the family unit with the commercial world.

As we lose our natural vision, the older we get; we often require the assistance of others, to see what is before us. This holds true in the life of a family business; the longer we co-exist together, the harder it becomes to “see” and be forward thinking.

Though divorce has many implications, both emotional and practical, one of its key considerations is the equitable division of assets.

Whether in a family business (or in a production), in order to be a success; defining the roles and responsibilities for each member is crucial in creating a culture of professionalism, personal responsibility and accountability.

Is your business a financial savvy family firm? The long term success and failure of a Family Firm and its members is directly related to how financially knowledgable its members are.

Without healthy boundaries between ourselves and the business, we can end up feeling we are not in control of our lives and that our lives are being defined by the business.

In his book, Trapped in the Family Business, Dr. Michael Klein explores the difficult situation that can occur when family business members feel they no longer fit in their role or the organisation as a whole.

In today’s rapidly changing business environment it is more important than ever to be aware of what exactly it is that makes a family business resilient.

Based on an international study, E&Y learned that the world’s most successful family businesses share common strategies around seven critical issues.