The Nugan Family Business

In this week's Boss Magazine ( Nov 2006 ) supplement within the Financial Review there is an excellent article on brother sister Matthew and Tifany Nugan. Here is a family business that looks like it is thriving with the next generation taking on important management roles and accountability.

The real success here is their mother. Obviously a very switched on business women who has taken the business to a higher a level of performance. She has a succession plan and understands the need to bring in outsiders to fill the key managemnt roles as the company expands and becomes more diverse.

I wish more business owners would realise that no one person has a mortgage on smart ideas and that you can never achieve real success working on your own.