Comments on: Can Your Family Business Outlive You? http://naijaecash.com/can-your-family-business-outlive-you/?utm_source=rss&utm_medium=rss&utm_campaign=can-your-family-business-outlive-you Nigerian Entrepreneurs Make Money Online | Small Business Owner Survival Tips Tue, 07 Feb 2012 03:29:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: lillian rotibihttp://naijaecash.com/can-your-family-business-outlive-you/comment-page-1/#comment-5549 lillian rotibi Fri, 23 Dec 2011 07:07:07 +0000 http://naijaecash.com/?p=219#comment-5549 this information is very useful. my mother died without a will and left a school buisness for myself and my siblings. i have run the buisness for over 12years singlehandedly and have always given returns to my siblings overseas but recently i have found that there is no trust amongst us, so i decided to sell my shares to one of them. i have since started and built my own school...the problem now is that the one i sold my shares to, has no knowledge of the buisness and is based abroad. i am still running things in the buisness becos i have not being completely paid off yet...any advise on how to handle things from here? this information is very useful. my mother died without a will and left a school buisness for myself and my siblings. i have run the buisness for over 12years singlehandedly and have always given returns to my siblings overseas but recently i have found that there is no trust amongst us, so i decided to sell my shares to one of them. i have since started and built my own school…the problem now is that the one i sold my shares to, has no knowledge of the buisness and is based abroad. i am still running things in the buisness becos i have not being completely paid off yet…any advise on how to handle things from here?

]]> By: Daniel Rosehttp://naijaecash.com/can-your-family-business-outlive-you/comment-page-1/#comment-3822 Daniel Rose Sun, 05 Dec 2010 11:33:14 +0000 http://naijaecash.com/?p=219#comment-3822 I have to agree with you somewhat. Succession planning is one area where family businesses, in particular, fall short. I have to agree with you somewhat. Succession planning is one area where family businesses, in particular, fall short.
Daniel Rose´s last [type] ..Book Review- Leading the Board

]]> By: SEO Girlhttp://naijaecash.com/can-your-family-business-outlive-you/comment-page-1/#comment-2830 SEO Girl Mon, 15 Feb 2010 23:02:38 +0000 http://naijaecash.com/?p=219#comment-2830 Hey Naija, Great to find out about this. very interesting points you make on family businesses. This is just a big up from SEO Girl Looking forward to seeing more of your blogs and being enlightened. Thanks again Hey Naija, Great to find out about this. very interesting points you make on family businesses. This is just a big up from SEO Girl Looking forward to seeing more of your blogs and being enlightened. Thanks again

]]> By: adminhttp://naijaecash.com/can-your-family-business-outlive-you/comment-page-1/#comment-1178 admin Sat, 20 Sep 2008 08:49:19 +0000 http://naijaecash.com/?p=219#comment-1178 @R.Mak Thanks for sharing your experience with us. Cheers. @R.Mak
Thanks for sharing your experience with us. Cheers.

]]> By: R. MAK.http://naijaecash.com/can-your-family-business-outlive-you/comment-page-1/#comment-1137 R. MAK. Wed, 17 Sep 2008 16:36:18 +0000 http://naijaecash.com/?p=219#comment-1137 As a freelance business consultant, I had an opportunity to look very closely at the organization structures of many family business, in Asia and around the globe.I found one thing in common among them. Lack of business continuity planning and decision making systems.Founder / CEO usually decides everything from hiring to raw material selection.Lack of business continuity planning and Independent and empowered managers is main reason of collapse after the founder / CEO leaves the business or dies....Over all I can relate to the above article and found it very useful.. I hope CEO's and business owners will read it and take corrective measures in their respective areas...R. MAK.s last blog post..<a href="http://feeds.feedburner.com/~r/fairloanrate/~3/392650813/" rel="nofollow">A Quick Guide to Credit Card Basics</a> As a freelance business consultant, I had an opportunity to look very closely at the organization structures of many family business, in Asia and around the globe.

I found one thing in common among them. Lack of business continuity planning and decision making systems.

Founder / CEO usually decides everything from hiring to raw material selection.

Lack of business continuity planning and Independent and empowered managers is main reason of collapse after the founder / CEO leaves the business or dies….

Over all I can relate to the above article and found it very useful.. I hope CEO’s and business owners will read it and take corrective measures in their respective areas…

R. MAK.s last blog post..A Quick Guide to Credit Card Basics

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