On this week’s show, I speak about the topic of ‘professionalising’ the family business. The term is not one that I am a huge fan of as it can suggest that until that point everything you did was unprofessional.
I explain what the term ‘professionalisation’ means and the circumstances under which it can arise. I also look at some of the common concerns or barriers to professionalisation and how to overcome them.
There are many benefits to professionalising your family business and I summarise these as well.