EOS Worldwide’s Post

Running a family business can be incredibly rewarding, but let's be real; it's not always easy. You're not just talking about metrics and strategy; you're working alongside people you deeply care about. Having those tough, honest conversations without stepping on sensitive toes? It feels like walking a tightrope. For Interim HealthCare Inc., they struggled to fully say what needed to be said. The fear of hurting feelings, whether it was mom, dad, or brother-in-law, was always there. But thanks to their EOS Implementer, Kyle, they've learned how to have those crucial conversations openly and respectfully. Kyle helped them understand the power of honesty in business while respecting family bonds. Now, they hold each other accountable and communicate without holding back, and they're truly trusting the process. If you're in a family business, don't underestimate the impact of clear, candid communication. Sometimes, the best way to strengthen family ties is to be brave enough to talk openly and trust the process that supports it. If you're ready to start talking about the hard stuff, it's time for an EOS Implementer 👉 https://lnkd.in/gaqNY_yf

Small businesses are the heartbeat of our local economy here in Geelong, driving job creation, fostering innovation, and delivering essential services 💪 As proud members of the Geelong community, we understand the unique challenges faced by small business owners. While running a business is rewarding, navigating the legal landscape can be daunting. That's why we're not just legal experts; we're passionate advocates for supporting local businesses like yours. Our latest blog explores three key legal areas that may impact you as a small business owner. Dive in to learn more and empower your business 👇  https://lnkd.in/gm9sBc2P

One unspoken tension in a family business is the reality that different owners — and future owners — don’t all want to be involved in the same way. As the company grows and evolves, family members want to be involved in different ways. Learn about five different types of family business owners and how your family can navigate evolving owner roles: https://brev.is/rCtOx.

Navigating the complexities of family business ownership requires a clear understanding of the various roles that owners may assume, ranging from passive to operational involvement. The Arnault family, controlling shareholders of LVMH (Moët Hennessy Louis Vuitton), primarily embody the roles of "Operators" and "Governors" in the context of family business ownership types. 1. Operators: Bernard Arnault, the chairman and CEO, is a quintessential example of an operator. He is deeply involved in the day-to-day management and strategic direction of LVMH, playing a central role in both operational decisions and the overall vision of the company. His hands-on approach extends to actively selecting the executives who lead LVMH’s various brands and making key decisions about brand positioning, marketing, and expansion. 2. Governors: The Arnault family also acts as governors, particularly evident in the strategic governance of LVMH through its holding company. This role involves making significant policy decisions, setting long-term strategies, and overseeing major investments and acquisitions. The family’s involvement on the board of directors and strategic committees places them firmly in this role, focusing on the sustainability and legacy of the business empire. Bernard Arnault’s children have taken significant roles within the company, each of them is involved in key decision-making processes that influence the direction of their respective Maisons and the conglomerate as a whole. This type of ownership structure demonstrates a blend of deep, hands-on management coupled with strategic governance, ensuring that the family's vision for LVMH is perpetuated across generations, aligning with the traditional expectations of continuity and legacy in family-owned luxury businesses. #familybusiness #lvmh #luxury #gouvernance

Family business impacting personal relationship and health of all family members, whether in business or not! Haven't you witness around your contacts or circle! What is root cause and how to bring joy and freedom in family business. Click & watch https://lnkd.in/d2Hx9tSY

Navigating a family business is like climbing a mountain—full of obstacles and unexpected turns. But when managed well, the rewards are greater, and the view is spectacular. At Juvo, we know family business because we live it. This isn’t knowledge from a book or a classroom—it’s our experience. If your family business is facing challenges, let’s talk. We’re here to help.

👨👩👧👦 Family First, but... 🤝 Even if you're family, it's wise to have agreements in place. Family businesses can benefit from clear guidelines in case of disagreements. Learn how family agreements can strengthen your business relationships while keeping the family intact.

👨👩👧👦 Family First, but... 🤝 Even if you're family, it's wise to have agreements in place. Family businesses can benefit from clear guidelines in case of disagreements. Learn how family agreements can strengthen your business relationships while keeping the family intact.

Tune in to Part 3 of 'Revealing the Secrets to Family Business Success: 2024 Building Your Great Family Business' for valuable insights on navigating family business dynamics and achieving success: https://bit.ly/3UfspEz @BizOnTheRadio #FamilyBusiness #BusinessSuccess

Here are 2 reasons, among many other, why more and more people are owning businesses of their own! Owning a business is an incredibly rewarding journey. A journey that we would love to help you with! If you are thinking about starting a business or are still on the edge, let's chat! 😀