This presentation (on audio CD) is an overview of the state of family business today and was delivered in Toronto, Canada, for Carpet One. Carpet One is one of the largest flooring and home decor-cooperatives in the world and is a part of the $8 billion dollar conglomerate CCA Global. The speaker, Wayne Rivers, president of The Family Business Institute, covers such topics as:
How common is conflict in family businesses?The six biggest problems in family businesses today,
The differences between entrepreneurial management and professional management,
How to improve family business decision making,
The six most common, costly, and unnecessary estate planning mistakes made by family business owners.
The speech concludes with a unique, balanced perspective on how to go about family business planning and a self-help planning checklist you can use to assess the condition of your family business and help develop your future planning.