The Death Blow and a Lifeline for SMEs
Industry leaders from organizations like PCCI, AFFI, PRA and PFA have expressed fears of the deepening impact on many of their businesses.
June 10, 2020
The Real COVID Lifeline for SMEs
W+B’s internal research arm initiated polling of more than 200 SME’s and as expected most of them are grappling with tremendous uncertainty about their future.
June 17, 2020
Thousands of SMEs on the Verge of Collapse
A recent study of 200 SMEs conducted in March by my consulting firm, W+B Group showed that 60 percent of the companies have seen their income drop by more than 50 percent; another 25 percent reported a 30 percent to 40 percent drop.
June 02, 2020
P140 B COVID Bailout Fund Urgently Needed Not P1B
I am urgently proposing a new round of financial bailouts dedicated to MSMEs in the amount of P140 billion. The fund will provide a lifeline to more than 200,000 SMEs so they can manage their cash flow and at the same time retain employees.
June 23, 2020
SMEs Appeal to Congress: Support Us or We die!
With the COVID-19 lifeline fund amounting to P140 billion, efforts must be done to save thousands of SMEs. An economic lifeline devoid of politics nor fear of a credit rating downgrade, focused on rescuing businesses and saving millions of lives.
June 29, 2020
Business Plan
It is a document that highlights a specific plan on how to run the company, the goals that the organization must achieve, and the necessary financial capability and strategy required and employed to meet the aforementioned objectives.
July 02, 2020
Family Business under the Threat of COVID-19
Failure to react properly to change can be an outgrowth of the firm’s history of past successes.
July 08, 2020
The Rights of Business Owners in the time of Corona
Facing imminent bankruptcy, business owners on the other hand have found themselves in a precarious situation as well. Most businesses have stopped paying wages for furloughed staff.
July 27, 2020
The Philippines and Vietnam: (Mis)Handling COVID-19
We must also acknowledge that the Philippines has taken the top spot from Indonesia as having the most number of infections in Southeast Asia. A grim reminder that the country has a long way to go before any talk of an economic recovery.
August 10, 2020
Family Business Governance — Important Then And Now
Whether in quiet times or in the midst of a crisis, Family Governance will always be crucial in creating a lasting legacy.
August 18, 2020
The Philippines and Vietnam: (Mis)Handling COVID-19 Last Part
According to an International Monetary Fund (IMF) report, "after China officially reported to the World Health Organization (WHO) several cases of an unusual pneumonia on December 31, 2019, Vietnam finalized a health risk assessment.
August 18, 2020
Richard Eu’s Riveting Story of his 141 Year Old Family Enterprise
“Every generation, you’ve got to think what you want to do with the family business. Is your business the right business for the future?"
August 24, 2020
SUCCESSION IS A FOUNDER’S LASTING VALUE
Succession Planning can make or break a family enterprise, “All companies are subject to risks, but family companies, because of their very nature, can more easily succumb to a series of mistakes.
September 02, 2020
When Succession Ends in Tragedy
for many founders that I have dealt with, many of them find it hard to come to terms with their own mortality. They continue to struggle and recognize the time when they feel they are no longer the best person to run the company.
September 08, 2020
Why Founders Refuse to Give Up Control?
When nepotism exerts a negative influence, and when a company is run more to honor a family tradition than for its own needs and purposes, there is likely to be trouble.
September 14, 2020
A Powerful Generational Succession Model Part 2
These two succession models are excellent, packed with authenticity and a deep understanding of the founder’s philosophy.
September 28, 2020
A Powerful Generational Succession Model Last Part
Clearly the worst kind of millionaire is someone who inherited the wealth from his parents and nobody could have expressed it better than the late 6th Duke of Westminster who saw his wealth as a burden he could not relinquish.
October 05, 2020
Family Conflict is Worse Than the Virus
As the adult child encroaches onto the founder’s territory and starts questioning the way the business is run, it now becomes a challenging event for the founder.
October 12, 2020
The Power of Strategic Planning
A rule of thumb is that if there's uncertainty on the horizon, then you need a strategic plan.
October 19, 2020
Strategic Planning 2021
Regardless of the size of our businesses, we are all grappling with the growing uncertainty about what lies ahead and our businesses have been severely impacted.
October 26, 2020
Strategic Planning 2021 Last Part
I can conclude that practically all of the key business leaders and executives expressed their displeasure with their current strategic planning process.
November 02, 2020
Your Purpose of Being Together
A clear collective purpose is fundamental to any family business successful transition, and those with the strongest sense of purpose are often the most successful.
November 09, 2020
Your Purpose of Being Together Part 2
It is no revelation that conflict often ensues when the founder does not define the rules of engagement amongst its active and non-active next generation offspring. The shock happens when the founder dies or becomes incapacitated.
November 16, 2020
Avoiding Family Dramas
Business survival or leaving a legacy from generation to generation requires hard work and commitment reinforced by the acquiescence of the founder or the key
November 23, 2020
Family Businesses Are Built To Last
We embraced their values of hard work 24/7, we were inspired by their stories of survival, frugality and success.
November 30, 2020
How to Manage a 141 Year Old Family Enterprise?
While other conflicted families have managed to keep themselves under the radar, they are not spared from vicious infighting.
December 07, 2020
Trust in the Family is Sacred
It takes only one aberrant family member to hurt the family and the business. It takes several ingredients to make a good stew and only one fly to spoil it.
December 14, 2020
IF YOU BUILD, THEY WILL NOT COME
How Developers Can Defy The Impact of COVID 19
December 14, 2020
From Emperor to Engagement: The Best Option
“the most successful executives are often men who have built their own companies"
December 22, 2020
Family Business Stewardship Is a Lasting Gift
They realized that the signing of the constitution triggered a change process that carried with it the curtailment of many privileges.
December 29, 2020
Family Business Stewardship Is a Lasting Gift Part 2
Repeatedly asserting that succession is a journey that if I, as the leader, cannot embrace the process, the family business will not have stability.
January 04, 2021
The Dangers of an Ownership Mindset
It is therefore important for founders preparing the leadership transition to acknowledge that they have the potential to destroy their families through poorly planned and unclear succession processes.
January 11, 2021
The Succession Curse
It was all talk but no action. In his 60’s and still very much in control, he unexpectedly died following a heart attack at age 64.
January 18, 2021
Are your Children Overpaid or Underpaid?
By pursuing a family system of compensating relatives, unbeknownst to him, the founder or business leader has started to cultivate a culture of entitlement.
January 25, 2021
What if you died tonight?
If you planned the leadership and ownership transition, I congratulate you. In your memorial service, you will be remembered fondly.
January 27, 2021
I Hope Your First Deal is a Loser
“I hope your first deal is a loser, otherwise you’ll think you’re a lot smarter than you are.”
January 27, 2021
Are you Compensating Your Children the Right Way? Part 2
“Family Enterprises: The Essentials” author Peter Leach remarked in his book, “In the case of siblings, for example, fairness is generally taken to mean that resources be allocated equally.
February 09, 2021
Overpaying Family Members is Dangerous
Larry’s wrong notion of compensating family members is common among founders and business leaders.
February 23, 2021
The Family Pay Performance Plan (PPP)
I was once asked by a founder why I was so adamant in pushing for a formal PPP in my governance intervention and my answer was straightforward: “It is the right thing to do!
March 02, 2021