How to Make Family Members Accountable in Business
No matter how well received, changes are always tough on a business. A certain amount of lag is to be expected as new joiners to the business get their feet wet. But how much underperformance by a family member in the business is too much? When does “normal”...
How Young Family Members Learn The Business
There comes a point in a business’ legacy when a young family member decides whether or not they want to join. This decision could be made from a more informed point of view if they have actually spent time working in the business....
How to Leave Your Family Problems at Home
This article first appeared in Forbes. “Leave your work problems at work and your home problems at home.” We’ve all heard this counsel at one point or another in our professional careers. On the face of it, this advice makes a great deal of sense. Of course, we...
4 Things Every Successor Needs To Succeed
Transition is never easy on a family business. Communication patterns get disrupted, reporting relationships shift, and the entire company struggles to find a new status quo. Of all the people involved, no one struggles quite as much as the leader’s successor. Not...
Multiple Successors: Blessing or Curse?
Family business succession is never simple; there could be a lot to account for when transitioning from one generation to the next. That process gets even more complicated when there are multiple successors set to take over leadership of the company. There can be many...ABOUT US
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