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Shift Your Family Business                                    Monthly Insights                                                        May 2016

Tip of the month:

 
Asking for help sometimes feels like a sign of weakness. That might be why it seems to take courage, which of course it does, to admit that we are not great at everything we need to do in life.  But then, who is or ever has been?  Nobody can be expected to be an expert in every field, especially when things come up outside our area of expertise. 

You could be the best person in the world at running your business in your chosen field, but does that necessarily make you good at figuring out the best way to pass the business down to the next generation?  In most cases, that is too much to ask of anyone.
 
The good news is that you can ask lots of people for help.  But before asking them to help you, ask them HOW THEY WOULD help you.  After you hear their answer, you can decide whether or not they are the right person to continue dealing with or not. Building a team of great advisors can be done, slowly but surely, and is well worth it.
 


What's new:

 
The CAFE annual Symposium is an event that I look forward to each year.  This year we will be in Calgary, and it will be the first big get-together since CAFE announced that they will be joining together with IFEA to launch Family Enterprise eXchange (FEX) later this year.
 
As a proud member of both groups, I am excited to see how this can become a true Win-Win experience for everyone involved with Business Families in Canada
 


Blogs of the Month:

I don't often blog about African proverbs, but this time I did.


Going Far?  Go Together

 


Outside link of the month:

Plenty of great advice in here:

Powerpoint slides from a Family Business Magazine Webinar


How the Successful Sustain Wealth Across Generations



 

Until next month's newsletter. I hope you enjoy my weekly blogs in between.



Steve Legler
MBA, CFA, FEA
Family Business Advisor
450-923-9393
http://shiftyourfamilybusiness.com/
 
 
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Steve Legler · 495 Viger Ouest · Suite 2707 · Montreal, QC H2Z 0B1 · Canada

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