Do you work or own a family business?
Has it been operating the same for a number of years?
If it has, now is the time to re-invent your business model. I know that at least one person will be saying, ‘No, we can’t do that.’ If you chose not to re-invent your business model now, you do so at your own peril. I say that very sincerely because if you continue to operate the way you’ve always operated watch out as you will be crushed by your competition. Why can I say that?
Statistics show that most family businesses don’t survive beyond the founder’s generation. The reason for that is because the second generation business owner’s are too comfortable with what has gone on before. They have seen the money flow into the owner’s pockets with relative ease. I have seen how this flow of money stops with the next generation in a business.
If you don’t want that to happen the time is now. You need to take action or get some coaching on how you can re-invent your business so that you can be part of the 21st Century.
What is one thing that you can change today that will benefit your company for the future?
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