labels: A family business
The train derailed. Don't blame the driver just yet!
Family rules are similar. The first time a rule is broken isn't the day it dies, but the first day it's actually enforced. So, the next time a train derails in your yard, before you go yell at the driver, take a look at the tracks first. A train derailment can be fixed in a few weeks, but some drivers who get yelled at, even though the tracks were damaged in the first place, never drive again.The Three Characteristics of Existence and Family Business Management
Family business owners can apply the Three Characteristics of Existence by managing their business with dedication and responsibility, being prepared and not negligent, planning carefully, not clinging to outdated methods, not believing themselves to be more important than the business, and remembering that ultimately, everything created is merely a result of natural processes—arising, existing, and ceasing to exist.Sauce Skills partners with UOB FinLab to empower Thai family business heirs.
Signing a strategic cooperation agreement through the "Legacy Leaders" program.Goals for Family Businesses: Wealthy or Sustainable towards ESG (Part 1)
True family businesses, in addition to focusing on profit and wealth, also aim to sustain themselves to create a good life, as it is a spiritual legacy passed down from generation to generation. It represents a group of people choosing to "not have lived in vain" by using ESG principles as a compass to achieve sustainable success."Disarm" before family meetings: 7 rules to transform a battlefield into a safe space.
These seven rules aren't meant to forbid us from getting angry, but rather to prevent anger from speaking for us. Because family businesses don't collapse when we disagree, they collapse when we stop communicating."Gratitude" in family businesses.
This article will put you through an academic lens, gradually dissecting the structure of the concept of filial piety in a rational way, so that we can understand that "being a good child doesn't necessarily have to mean losing your sense of self."KKP recommends creating a family constitution as a blueprint to further develop and strengthen the family business.
Family businesses are not driven solely by profit, but by creating a "blueprint for happiness" through flexible and fair rules.Discover 4 tax planning techniques using life insurance to professionally structure assets and transfer inheritance.
Life insurance is one planning tool that can help reduce tax burden, increase liquidity, and transfer wealth without affecting savings, for those who want to plan their estate appropriately.Is ethics truly important in family businesses?
If we start with the right mindset, this article is an attempt to systematically and practically connect "Dharma" (ethics/ethics) with "family business management." I believe that Dharma will greatly support and enhance family businesses. Please look forward to reading it with anticipation.How to distribute shares fairly in a family business and ensure its survival?
Dividing "economic rights" equally among the heirs might seem like a solution that would make everyone happy, but if "control rights" are divided equally, the family business could risk collapse.
































