You are a startup success. Fine! But if you want to achieve your big ambitions and sustain the continued growth of your family business, you need to professionalize it the RIGHT way. Businesses go through stages of development from new venture, expansion and growth stage, then comes professionalization. This is according to Dr. Eric Flamholtz of the highly acclaimed book, “Growing Pains”. The new venture and expansion stages constitute the entrepreneurial phase of organizational development. It is during these two stages of growth that the classic skills of entrepreneurship are most relevant. It is also during this phase that the need to make the transition from entrepreneurship to an entrepreneurially oriented, professionally-managed organization begins to occur. Those family businesses who are able to transition successfully experience a more rewarding and fulfilling journey in growing their businesses. How to professionalize is the...
Seminar News and Events in Accounting, Business, Law, Marketing, Human Resource, Administration, and Trade by the Center for Global Best Practices Foundation