The Family Business – Yes or No?
A family business can be a psychological minefield if you’re not careful. The questions can, and do, keep you up at night. But a simple list of the pros and cons might help you make a decision.
A family business can be a psychological minefield if you’re not careful. The questions can, and do, keep you up at night. But a simple list of the pros and cons might help you make a decision.
Entrepreneurial spirit is one of the key drivers in a family business. Much of this spirit is comprised of self-motivation or inner drive and the need to follow a passion.
The trend towards ‘artisan’ bread didn’t happen overnight, and change has been insidious. On the front line observing it all has been Andrew Bertalli, 4th generation owner of Bertalli’s Alpine breads – a specialty bakery trading since 1931.
Martin Halphen didn’t get to where he is overnight. Now servicing over 8,000 corporate customers, and doing some 23,000 deliveries a week, Martin has steadily persevered, and grown his fruit delivery business – Fruit Box – nationwide.
It began life as the brainchild of husband and wife team, Mike and Diane Morrell. Their product, the Genie ID now has the potential to help transform voting systems across the African continent and minimise electoral fraud.
Entering either the café or the gym markets is in itself a risk. Throw in the cutthroat eastern suburbs of Sydney, and you’ve got a powder keg of risk.
This is a story ripe for a riveting Australian film or television mini-series.
Sometimes it’s the seemingly obvious solutions that have the best market cut-through.
When it comes to doing business with friends and family, blood isn’t always thicker than water.
Peter Nuttall was his father’s second employee at RUD Chains. Now, almost 30 years later, he’s managing director of the multi-million dollar company.