Articles & Insights

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John Broons

John Broons is a globally awarded family business expert. One of only three people in Australia to hold the coveted title of Fellow of Family Firm Institute (Boston, USA), John has dedicated his working career to answering the question: how do I guide and support families in business to a place where they’re thriving?

Family business members working together
The benefits of working in a family business

Have you ever wondered what it’s like to work in a family business? Well, let me tell you, it’s a world of unique advantages and opportunities that go beyond your typical job. In this article, I’ll take a deep dive into the benefits of working in a family-owned and operated business and why it can be such a rewarding experience.

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The origin story of a family business is like a chapter in a book that carries the weight of generations, the foundation upon which your business was built. Documenting that story is more than just capturing moments in time; it's about preserving a legacy that can be passed down to future generations.
What’s your family business origin story

The origin story of a family business is like a chapter in a book that carries the weight of generations, the foundation upon which your business was built. Documenting that story is more than just capturing moments in time; it’s about preserving a legacy that can be passed down to future generations.

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Owning a family business is a source of immense pride and joy. It represents the fruits of your family's labour, passed down through generations. Yet, the concept of ownership in a family business is far from straightforward. It encompasses both legal and emotional dimensions, creating a complex dual ownership structure that requires careful navigation.
Who really owns the family business?

Owning a family business is a source of immense pride and joy. It represents the fruits of your family’s labour, passed down through generations. Yet, the concept of ownership in a family business is far from straightforward. It encompasses both legal and emotional dimensions, creating a complex dual ownership structure that requires careful navigation.

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Family business dynamics– Trust

As a family business owner, you know better than anyone the importance of trust in your business relationships. Trust is the cornerstone of any successful family business, but what exactly does it mean in this context? And how can you ensure that trust is present in your own family business?

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Working with a family business advisor
3 key attributes to consider when choosing a family business advisor

We all know that running a family business comes with its own set of unique challenges. From succession planning to dealing with nepotism, underperformance, and communication issues, there’s never a dull moment. That’s why choosing the right advisor is crucial to navigating these complexities and ensuring the success of your family business for generations to come. What are three key attributes you should consider when evaluating potential advisors?

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Family members putting their creativity to work in their family business
Considerations when bringing your first family member into your business

There’s something incredibly special about working together with family members to achieve a shared vision. As a family-owned business, you have a unique opportunity to harness the power of familial bonds and create something truly extraordinary. But before you extend that invitation, it’s essential to consider a few key factors.

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When did you last really talk to your family?

In the hustle and bustle of daily operations, it’s easy to neglect the power of regular conversation within your own families. Yet, it is through heartfelt discussions that we build trust, extinguish ghosts from the past, and strengthen the very foundation of your family business.

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Challenges of being a family member in a family business

When envisioning a family business, the idyllic image of harmony and success may come to mind. However, the reality can be quite different when you are balancing family ties with business responsibilities. In this article, I delve into the challenges faced by family members within a business, discussing balance of nurturing family bonds amidst the inevitable challenges.

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Succession planning and stewardship in family business

I have found that many family businesses often lack the necessary preparedness for a smooth succession of ownership. It’s a surprising reality that can have long-lasting consequences for the future of these family businesses. Today, I want to shed light on the importance of succession planning and introduce you to an alternative approach: stewardship. By exploring the differences between the two and emphasising their significance, I hope to inspire family businesses like yours to create a solid foundation for transferring ownership and ensure the legacy lives on.

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Family business advisor speaking to family business members
Understanding the benefits of a family business advisor

As a family business owner or member, you may find yourself wondering about the benefits of having a family business advisor. You may ask yourself why your family needs an advisor to “manage the family”. In this article I explore this topic and shed some light on why a family business advisor can be critical to your family business success.

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