Navigating the intricacies of a family business is akin to steering a ship through unpredictable waters. While we often associate transitions with major life events like graduations, marriages, and career...
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You probably understand the importance of identifying, training and preparing the next generation to run the business. But what if a successor isn’t an option? What if it makes more sense to sell the business?
2020 found families and businesses under pressure, stress and in the middle of the COVID crisis. For many family businesses this called attention to the structural damage or holes that were hidden inside the organization, leadership or family.
Our country, businesses and even families are facing an unprecedented time of crisis and conflict. Worry, anxiety, fear, uncertainty seem to be the foundation of our daily lives. This kind…
Jared Kushner’s path to the White House has been cleared by a Justice Department opinion allowing him to work alongside father-in-law President Donald Trump without violating federal anti-nepotism laws. While…
Financial capital is essential for starting and maintaining a family business. But to keep it going over the long haul, the vital ingredient is intellectual capital. A family business leader…
It is a truism that the one who has the gold makes the rules. But when it comes to many businesses, the one who has the super-voting shares makes the…
A founder’s vision of family business succession often goes something like this: install the first-born son down the hall with a title such as senior vice president and have him…
People haven’t changed much in the last few decades, but the world that families live and do business in has changed massively. From smart phones with more computing power than…
When family business succession works, it is never due entirely to the older generation — G1 — or the next generation — G2. In every case, it works because both…