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July 1, 2006

Involving children in the family business is something most owners do, whether it’s unconsciously or not. But perhaps they are trying to involve someone in a business in which they have no interest.

John Tucker  is Director of the International Centre for Families in Business.

Involving children in the family business is something most owners do, whether it's unconsciously or not. But perhaps they are trying to involve someone in a business in which they have no interest. Encouraging a child to participate in something they have no interest in is a sure way for them not to succeed in that activity.
 
You need to ask yourself a few questions about your child's relationship with the business and what you have done in encouraging their interest.

June 1, 2003

Don’t Leave it to the Children, by Alan Crosbie (2000)
Marino Books; ISBN 1 86023 115 2; €14.95

John Stepek is the son of a retired second generation family business owner. He lives in Glasgow and works as a freelance journalist and scriptwriter.

Don't Leave it to the Children, by Alan Crosbie (2000)
Marino Books; ISBN 1 86023 115 2; €14.95

June 1, 2003

A family may fear that their children will use up their inheritance. The best insurance that the money is used wisely is to take steps to make sure that each heir develops passion, values and responsibility so they can lead a fulfilled adulthood and continue the wealth into future generations

Dennis T Jaffe, PhD is professor at Saybrook Graduate School in San Francisco, author of Working With The Ones You Love and a founding member of the Aspen Family Business Group.

A family may fear that their children will use up their inheritance. The best insurance that the money is used wisely is to take steps to make sure that each heir develops passion, values and responsibility so they can lead a fulfilled adulthood and continue the wealth into future generations

June 1, 2003

Introducing your children to the family business at an early age can be the start of an educational ‘plan’ to develop business skills that could see them take over the family business – or become a successful business owner themselves

Cindy Iannerelli is recognised around the world for her innovative research and work teaching children business skills. She is Director of the Center for Family Business at Indiana University of PA and a visiting professor at The University of Trento, Italy.

Introducing your children to the family business at an early age can be the start of an educational 'plan' to develop business skills that could see them take over the family business – or become a successful business owner themselves

June 1, 2002

Bill Simmons worked in his father’s fashion house for several years after graduating from university.

Bill Simmons worked in his father's fashion house for several years after graduating from university. The father-son relationship was extremely conflicted and Bill struggled with years of verbal abuse. Bill finally left his father and founded his own business in a related field, creating Lincolnshire Fashions Limited in 1969.

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