Business Mentor
Armando Bartolome
As a Business Mentor to numerous entrepreneurs for 26 years, success come in different forms. Support this podcast: https://podcasters.spotify.com/pod/show/armando-bartolome5/support
Categories: Business
Listen to the last episode:
What factors should I consider when making decisions for my family business?
Hey everyone! Have you ever found yourself asking, "What should I really focus on when making key decisions for my family business?" If so, you're not alone. Let's dive into this critical topic!
First and foremost, the #1 factor is considering the benefit for the family. You've got to think about the impact of your decisions both in the short term and the long term. Who's really going to reap the rewards? Is it just the immediate family, or will the entire family see the benefits?
Another crucial aspect is your family business's values. Will they stand the test of time as you grow and expand? There's a great read called "The Founders" that highlights the importance of staying true to the original vision. Whether you're the second or third generation at the helm, it's vital to keep the core values of your family's legacy alive.
Don't forget to involve your family in these decisions too. Get the opinions of your relatives and siblings. Remember, steering a family business is like conducting an orchestra—you want everyone to play in harmony and benefit from the synergistic relationship.
So, weigh the pros and cons carefully. And if you're feeling stuck or just want to brainstorm ideas, don't hesitate to reach out. I'm here to help! Shoot me a message, visit my website at gmb.ph, or let's schedule a call to foster and grow your family business together.
Thanks for reading, and let's make your family business thrive!
How can I overcome my fear of stepping out of my comfort zone through franchising?
--- Support this podcast: https://podcasters.spotify.com/pod/show/armando-bartolome5/supportPrevious episodes
-
320 - What factors should I consider when making decisions for my family business? Tue, 21 Nov 2023
-
319 - How can I overcome my fear of stepping out of my comfort zone through franchising? Sun, 19 Nov 2023
-
318 - Why does it take an entrepreneur so long to decide if franchising the business is the right strategy? Fri, 17 Nov 2023
-
317 - What are the Risks In franchising? Thu, 16 Nov 2023
-
316 - Can franchising provide stability and security to my 3-year-old business? Wed, 15 Nov 2023
-
315 - Are there any risks involved in expanding a family business through franchising? Wed, 15 Nov 2023
-
314 - What strategies can be used to overcome the fear of getting out of one's comfort zone in terms of financial planning for growth? Mon, 06 Nov 2023
-
313 - How can market research assist in identifying growth opportunities for a 3-year-old business? Sun, 05 Nov 2023
-
312 - How can I ensure that the values and culture of my family business are maintained during expansion? Sat, 04 Nov 2023
-
311 - What are some effective marketing strategies for family businesses? Fri, 03 Nov 2023
-
310 - How does family involvement impact decision-making in a business? Fri, 03 Nov 2023
-
309 - What role does customer feedback play in determining a unique selling proposition for entrepreneurs? Thu, 02 Nov 2023
-
308 - The Great Story of 3 Business Partners Behind COLD TREATS Intramuros Sat, 10 Jun 2023
-
307 - Get to Know the LADY behind the RISING TIGERS MAGAZINE Tue, 06 Jun 2023
-
306 - Creating and Starting A Business Wed, 31 May 2023
-
305 - [BW LAUNCHPAD] Overcoming challenges in initial stages of business - Part 1 Mon, 29 May 2023
-
304 - Business Mentor: Kwentuhang with Paolo Mercado the man Behind PARES NI PESO Tue, 23 May 2023
-
303 - How To Become An Entrepreneur Wed, 08 Mar 2023
-
302 - How To Become An Entrepreneur Mon, 06 Mar 2023
-
301 - How To Become An Entrepreneur Fri, 03 Mar 2023
-
300 - How To Become An Entrepreneur Wed, 01 Mar 2023
-
299 - How To Become An Entrepreneur Mon, 27 Feb 2023
-
298 - How To Become An Entrepreneur Wed, 22 Feb 2023
-
297 - How To Become An Entrepreneur Mon, 20 Feb 2023
-
296 - How To Become An Entrepreneur Fri, 17 Feb 2023
-
295 - How To Be An Entrepreneur Wed, 15 Feb 2023
-
294 - How To Become An Entrepreneur Mon, 13 Feb 2023
-
293 - How To Become An Entrepreneur Fri, 10 Feb 2023
-
292 - How To Become An Entrepreneur Wed, 08 Feb 2023
-
291 - How To Become An Entrepreneur Mon, 06 Feb 2023
-
290 - How To Become An Entrepreneur Wed, 01 Feb 2023
-
289 - How To Become An Entrepreneur Mon, 30 Jan 2023
-
288 - How To Become An Entrepreneur Fri, 27 Jan 2023
-
287 - How To Become An Entrepreneur Wed, 25 Jan 2023
-
286 - How To Become An Entrepreneur Mon, 23 Jan 2023
-
285 - How To Become An Entrepreneur Fri, 20 Jan 2023
-
284 - How To Become An Entrepreneur Fri, 20 Jan 2023
-
283 - How To Become An Entrepreneur Wed, 18 Jan 2023
-
282 - How To Become An Entrepreneur Mon, 16 Jan 2023
-
281 - How To Become An Entrepreneur Fri, 13 Jan 2023
-
280 - How To Become An Entrepreneur Wed, 11 Jan 2023
-
279 - How To Become An Entrepreneur Mon, 09 Jan 2023
-
278 - How To Become An Entrepreneur Fri, 06 Jan 2023
-
277 - How To Become An Entrepreneur Wed, 04 Jan 2023
-
276 - How To Become An Entrepreneur Tue, 03 Jan 2023
-
275 - How To Become An Entrepreneur Wed, 28 Dec 2022
-
274 - How To Become An Entrepreneur Fri, 23 Dec 2022
-
273 - How To Become An Entrepreneur Wed, 21 Dec 2022
-
272 - How To Become An Entrepreneur Mon, 19 Dec 2022
-
271 - How To Become An Entrepreneur Fri, 16 Dec 2022