How can the next generation become leaders in their families? What can the family gain from this? What can the NextGen gain from it? Do you even want to lead? If you do, where and how would you like to lead?

Crisis response or crisis management team is a term well known to many of us. In my opinion, every company needs one. But do we know what this term means and what the purpose of these teams is?

Unless you are a one-man show – and often even then, you will have to engage in choosing partners for you ventures. This is even more important than choosing your employees, as splitting up with a business partner usually comes with great difficulty (such as legals proceedings). Now the next question would be, what to look at? From my own experience, my family history and from many stories I have heard from current partners or mentors, we will cover some of the important points. As Warren Buffet says: “You cannot make a good deal with a bad person.”