According to some recent research by AXA and Monash University, family business and succession are not always a healthy mix – in Victoria alone of third or forth generation family businesses:

Some amazing numbers when you take the time to consider how this impacts on your business. So why do family business owners enable this to happen when our reserach shows overwhlemingly that having plans in place adds substantially to your overall business value?

Maybe it is time to work with your trusted advisors NOW to ensure that you achieve your optimal outcome both financially and emotionally.

GEN X advisers can help with the financial side along with your Accountant for structural advice. A business coach is also an essential ingredient in the mix to get your business fit and ready for succession as it can be a long road that sometimes feels more like a roller coaster ride!

If you are interested in finding out how business coaching can play a part in your overall business planning contact Tim Ryan from Shirlaws, who is based in Newcastle.

How the world changed in the first decade of the century

I read this article last week by well known commentator on Australia’s demographic trends, Bernard Salt.

The first thing that hit me was that in just under 9 weeks a Decade will end !!!

I know that it is clichéd, but how quick did it go?? Life just seems to do that to us all!

We started the “Norties” with the Y2K hype that was followed by the surreal events of September 11, 2001 and have ended it with the GFC and the death of Michael Jackson at only 50.

Australia has prospered and is positioned to continue doing so.

Are you positioned to prosper over the NEXT decade?

For Bernards’ opinion on what will be the social, cultural & business trends for the new decade see his column in The Australian at http://tinyurl.com/ylxk2l3