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UFB Newsletter Issue #033 Succession Planning
December 09, 2004

"The key to family business success"
ISSN 15465640

A free monthly e-zine with articles and tips from Family Business Experts who understand family values and business systems.

December 9, 2004 Issue #033 Family Business Experts

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In This Issue...

1. Our Managing Director Announces -

2. Business first family...Family first business

Succession Planning Survey

3. Legacy through Leadership

LP10. Ensuring Results Consistency with Strategic Direction

4. Around the Family Business Experts web sites

1. Our Managing Director Announces -

Since being announced in our April 9, 2004 issue, our subscription has doubled. And succession planning is taking up even more of our consulting time. So, we have decided to feature our fr*ee succession planning survey again and invite all of you to take advantage of this service.

One of the more popular features of our web site is the ASK THE EXPERT form located on most pages of our web site. It is another complimentary service we offer - where visitors to our web site can pose a question or a problem to our family business triage expert and our multi-disciplinary team.

Dr. Jennifer Byrne has written a book review of Dr. Ken Mackenzie's The Practitioner's Guide for Organizing and Organization. Read the review and use the ASK THE EXPERT link to contact Dr. Byrne who is an experienced user of the diagnostic tools.

The Journal of Accountancy is the trade magazine for the American Institute of Certified Public Accountants.

In the December issue, they have a section called SMART STOPS ON THE WEB - where they review/recommend 10 web sites and our web site was one of the 10 reviewed. We feel honored!

With the Thanksgiving holiday just passed here in the US, and Christmas rapidly approaching, many families will be spending time together. Remember that the FamilyLore Game is an interactive board game that helps you explore and build your family history. And it makes an excellent gift for the whole family! See our Tips and Recommendations below.

We continue with the Leadership Practices series, since these practices are the foundation for the processes that must be in place in order to achieve success.

Reminder: We've developed a couple of quick diagnostic assessments to help you. They are both fr*ee [at least for a while] and we try to deliver 48 hour turnaround of our analysis. Try them!

The Holonomic Top Down Assessment asks you about a combination of the 12 Main Enabling Processes that an effective organization has to have operating in order to achieve the 6 Desired Organizational Characteristics of effective organizations. Where your assessment indicates one or more of these are not working in your organization, we'll feed back suggestions as to the underlying Leadership Practices that might not be working.

Take our fr*ee Holonomic Top Down Assessment to see what underlying practices might be at fault and causing problem symptoms in your family business .

Diagnosing from the other direction - Bottom-Up - we ask you to identify which of 29 Leadership Practices aren't present or working. From that, we point you to Enabling Processes and thus Desired Characteristics that probably aren't functioning.

Take our fr*ee assessment on the 29 Leadership Practices to see how they affect your family business.

Whether to contribute, challenge (or hopefully even praise) our newsletter, I encourage you to contact me directly Don, or our editor David.

Enjoy, and here's wishing you, your family, your clients... much success!

Don Schwerzler, Managing Director
Family Business Experts

2. Business first family...Family first business:

Our Succession Planning Survey Will Help You Win The Succession Sweepstakes

[from Issue #023 April 9, 2004]

The odds of successful succession for a family business are dismal - only 30% from first to second generation and 5% to third generation.

We have developed a family succession planning tool that will help define the probabilities for the successful transition of ownership to the next generation of YOUR family.

If you are a family business owner and are interested in seeing how you compare to others like yourself, take a few minutes and complete the short quiz. Your answers will be processed and then reviewed by Don Schwerzler, founder of the Family Business Institute. You simply review a number of questions relating to your family business, your personal life and arrangements, and your family itself, and mark those that apply to your situation. Hit the submit button, and your information will be e-mailed confidentially directly to Don Schwerzler.

After your survey is processed, Don will review your results and e-mail his comments back to you. This confidential feedback has proven very helpful to other family business owners - it might provide the insights you need to beat the family business succession sweepstakes!

Even if you aren't a family business owner, you'll find the survey helpful since it deals with the factors that affect family business succession.

Succession Planning Survey

Our Tips and Recommendations

Families love the FamilyLore Game!
Unique and customized for every family. Interactive board game celebrates family history. Family stories & events shared & remembered.

FamilyLore Game

More businesses than ever are using the Internet to reach local markets. If your business isn't one of them, you're going to be left behind.

Local Business Online

BizPlanBuilder [Jian] Helps you create your business plan quickly by organizing your thoughts into carefully scripted text. Great spread sheet templates for the financial projections. Includes resources and not just blanks to fill in.

BizPlanBuilder®, MarketingBuilder®, Contract Templates...
Click here to learn more about proven, award-winning business-building software tools.

Don't Let Your E-mail or Newsletter End Up...
In Your Customers' Junk Folder!

Use SpamCheck To Keep Your E-Mail Out Of The Junk Folder!

SpamCheck is fr*ee

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Project KickStart is the fastest, easiest way to plan and schedule projects.

Project KickStart gives you the power to think through all aspects of a project before you begin. You'll create project plans and strategies guaranteed to get the results you want -- fast.

Define project phases. Clarify your goals. Anticipate obstacles. Establish tasks. Delegate assignments. Set due dates. Check off tasks when they're done. Bump dates. And much, much more!

Project KickStart for any project in your family business.

3. Legacy through Leadership

There are 29 Leadership Practices [LP] that are really the foundation upon which 12 holonomic or enabling processes[HP] are built, and which, in turn, produce 6 desired organizational characteristics [DOC]. We'll look at each in this section.

LP10. Ensuring Results Consistency with Strategic Direction

Ensuring results consistency with strategic direction establishes a formal set of procedures and processes to ensure the consistent and current measurement of organizational-and unit-level results. The measurement process is updated as conditions change and it verifies that the results produced are consistent with both the strategic direction and how the organization operates.Dr. Ken Mackenzie is our internationally-recognized organizational expert. These leadership tips are discussed in detail in The Practitioner's Guide for Organizing OrganizationsWould you like to see how the 29 Leadership Practices are affecting your family business? Our assessment only takes a few minutes to complete!

Take our fr*ee assessment on the 29 Leadership Practices...

4. Around the Family Business Experts web sites

Search the entire content site
in two different ways

1. A search engine powered by ATOMZ has indexed all the pages on the site and will link you to those relating to any search term you enter.

2. A 'Table of contents' listing that will link you directly to any page / article you select. Use the Site Map Navigation Button from any major page on the site.

Background information, testimonials to our service and understanding, and answers to FAQ's [Frequently Asked Questions]. Family Business Experts

There are many articles accessible from this page on the left side navigation bar.

Read the review of The Practitioner's Guide for Organizing an Organization and click on its ASK THE EXPERT link to contact Dr. Byrne who is an experienced user of the diagnostic tools.

Take our fr*ee assessment on the 29 Leadership Practices to see how they affect your family business.

Take our fr*ee Holonomic Top Down Assessment to see what underlying practices might be at fault and causing problem symptoms in your family business .

And remember about our convenient new online billing with 100% assurance! Another step in our process of starting online business. Secure online payment

© 2000-2004. Family Business Institute, Inc.
1213 Laurel Cliff Drive, Smyrna GA 30082
voice 770-952-4085 fax 770-432-6660

Contact Don Schwerzler

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