by Jackie Simmonds, NEJS Blog Editor
It is a fact that recessions often spawn new businesses as job seekers decide that this is the time to take that bold step out on their own to fulfill a life long dream. Deciding that you want to follow your dream is one thing, ensuring its success is another.
I came across a consulting company that provides some interesting information not only for people who currently are operating a business but also for those who are just starting out. These tools will help you address issues up front, define and answer questions, policies, and direction for your business hopefully putting you one step ahead of others who are just starting out.
Take a look at these tools and use them in your new business venture assessment and planning processes.
80 Questions Every Family Business Should Answer
This document will help you:
- Identify your strengths and weaknesses
- Establish your priorities
- Work on developing your business not just working in your business
This thought provoking document will walk you through family relationships (yes, these need to be addressed!), exit planning, “drop dead” planning, and closely held business questions.
This is a series of white papers that provide statistics, commentary, real life business examples, and a call to action on the part of the business owner.
Part I : Changes in family business market, estate planning, exit strategies
Part II: Defining management succession
Part III: Issues and challenges
About The Family Business Institute
The Family Business Institute is a professional service firm dedicated to serving the needs of the family and closely held business market. Drawing upon our unparalleled experience in working with family enterprises across all industries and business functions, we seek to educate our clients about the need for a comprehensive and integrated approach to their family business systems.
great post as usual!
Very good article. The positive of recessions is that businesses are created by people who find themselves without jobs. Good to know there are guidelines family businesses can follow.