Mike Miyahira provides assistance to family business owners with Succession Planning, Governance Agreements and Policies, and Strategic Planning services.
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Business Strategies - Family Business Succession Planning, Family Business Governance, Succession Planning Process | bus-strategies.com Reviews
https://bus-strategies.com
Mike Miyahira provides assistance to family business owners with Succession Planning, Governance Agreements and Policies, and Strategic Planning services.
bus-strategies.com
Succession Planning
http://www.bus-strategies.com/Succession_Planning.html
Owners can grow benefits for everyone by providing for the continued successful operation of their business beyond themselves. Basically providing for the successful transition of the business from one generation to the next. Successful transitions don't happen overnight. It takes planning and preparation. It takes time to prepare not just the next generation, but the business as well. Good communication amongst family members and a high level of trust. Preparing heirs to assume ownership responsibilities.
FAQ's
http://www.bus-strategies.com/FAQ_s.html
We all to get along. Why should I be concerned about managing my family members? I purchased several books on family business. They seem to almost be a "how to" guide for owners of family businesses. How useful are they? So we adopted a Code of Conduct policy and my brother ignores it all the time. What can we do? Or intentionally doesn't do their job? I hope your answer is no. No I don't charge for travel expenses. Because of that, I will try to consolidate meetings as much as possible.
Governance
http://www.bus-strategies.com/Governance.html
How do you manage your business and the family members that work in it or otherwise interact with your business? Because problems with family members tend to involve having to do something unpleasant with or to a family member. Such as informing them that they are not doing their job. Or that they will not be promoted to fill a vacancy. Or that you can't give a son or daughter a job because you don't have a job opening. What can you do? Mission and Vision Statements that build alignment. Retirement polic...
Resources
http://www.bus-strategies.com/Resources.html
I post items of interest here from time to time. Just click on the highlighted phrase to open the article up. When people ask me how they are doing as a family business, I always refer them to a. That I excerpted from the book,. Keep the Family Baggage Out of the Family Business. By Quentin J. Fleming. It assesses the extent to which family priorities or business systems are driving your business’ actions and is an indicator of your business’ health. Take the quiz. You've seen them; I've seen them. When ...
Strategic Planning
http://www.bus-strategies.com/Strategic_Planning.html
What is Strategic Planning? It is a process used by many organizations and businesses to develop plans to achieve goals and objectives. It starts with the development of a long term Vision of what you want your business to be in the future. Translated into quantifiable terms such as sales, net earnings, gross margins, cash flows, etc. That is followed by an internal and external examination of your business. What do you do well? What are you good at? What are you not good at doing? Where can you improve?
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Business Strategies - Family Business Succession Planning, Family Business Governance, Succession Planning Process
Family owned businesses aren't successful by accident. It takes planning and preparation. It takes solid business fundamentals, good people, innovation and commitment. Family businesses also require that owners proactively manage the relationships that they have with their family members. Every business benefits by planning for its future. Strategic Planning is an activity that too many business owners overlook. Can you foresee that competition will gradually erode market share and profitability?
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