“Why,” said Greg, “should we invite an outsider into our family discussions about our business plans?” It’s a fair question, on the face of it. And yet it misses the point. Greg and his family were preparing to navigate a major transition in their business; and they assumed that...
Innovation: The Regions’ Secret Sauce
Australia’s regions have always been hotbeds of innovation, driven by a blend of necessity, resourcefulness, and a keen understanding of local needs. From the stump-jump plough to one-of-a-kind tourism experiences, regional businesses consistently break new ground. Today, change is accelerating, and innovation isn’t just an option – it’s...
Family Business Succession – The Succession Minefield
Family businesses are the beating heart of regional Australia. They fuel our localeconomies, create jobs, sustain communities, and lead innovation. Yet many ofthese businesses face a treacherous path when it comes to succession planning.Without a robust plan, the pass may be fumbled, harming not just the business butthe community it...