Conflict, divorce, illness or a premature death of a key member in your family business are major potential threats to your business as well as fragile family relationships. A proactive business leader can help avoid catastrophic situations by separating the life-cycle of the business leader from the life-cycle of the business. This is a key element -- recognizing that the business is a distinct and separate entity that is (hopefully) not fully reliant on the leader.
"Money is one of the most important subjects
We just published an introductory video to the Michigan Winery Benchmark Program. Check it out.
As advisors to agricultural producers, we see this all the time. Why the big difference? That’s kind of easy. People are people. We’re not all perfect and this exemplifies itself in business performance. Most have the same obstacles as well as the same opportunities. Some people are simply better at execution and make their own luck. Others aren’t.