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ANSWER TO SUCCESSION PLANNING FOR MUSLIMS |
| An owner’s interest in a closely held business is usually their largest and most important asset. Most business owners neglect the inevitable: ownership... |
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BUSINESS SUCCESSION: GETTING STARTED? |
| Recently a client of mine, Mr. Lee (not his real name) the founder of a chain of car spare-part shops shared with me his dilemma. After 30 years, he had grown... |
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Can Family Business Survive Beyond Three Generations? |
| “ 30% of family business survive into the second generation. Just 12% will be around in the third. Only 3% make it to the fourth generation. Will yours... |
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Family Business Crossroad: To Sell or Not to Sell? |
| This month’s series of article on BUSINESS SUCCESSION focuses on the reasons behind business owners’ consideration when it comes to sale of the... |
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Grooming Your Business Successor |
| This month’s series of article on BUSINESS SUCCESSION focuses on the successor development program to groom the future leader of a business. In most... |
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If only we knew? |
| Robert (not his real name) dare not take any phone calls, he knew that the calls were from the bankers to request him to deposit money into his bank accounts.... |
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Is Business Succession Planning possible for Muslims? |
| Business owners irrespective of whether they are Muslims or non-Muslims, do share common concern when it comes to identifying successors for their business.... |
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MOST VALUABLE ASSET OF A BUSINESS – KEY PERSON |
| “Take away my factories, machineries, motor vehicles, my capital, but let me keep my people. Give me 3-4 years time, I shall rebuild what I have... |
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Lack of Planning Causes Chaos |
| “People do not plan to fail, they always fail to plan.” This is particularly true when it comes to business succession planning for family owned... |
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Look Before You Leap |
| It is still clear in my mind the picture of people rushing daily to go into the stock exchange during the stock market bull-run in 1993. Whether young or old,... |
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