While for some children it is their fervent drive to outdo their parents that hinders their success, others face the opposite problem of diminished self-confidence. Outsiders often dismiss the rank…
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“It is like a magic sword: it gives the holder rare powers, but only the mightiest of warriors can keep from being nicked themselves by the blade.” – John Sedgwick,…
It’s no secret that a family business advisor needs considerable skill at untangling complicated personal relationships in addition to expertise in business areas such as financial management, strategy, and succession…
If you ask almost any family business advisor to identify the right time to form a board of directors, the answer will be forthcoming almost instantaneously. “Right now.” This is...
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Children who are indulged in bloated salaries and do-nothing jobs aren’t being helped and will likely not be happier as a result. And these types of indulgences significantly hurt the business.
Too often, sweeping potential conflict under the rug is what happens in family enterprises. Rather than respectfully addressing problems that could cause strife, they are ignored and allowed to fester…
Managing Partner of REGENERATION, Elle Hansen, shares her thoughts about a unique time during her work as a family business consultant and how it impacted her and her clients In…
“Luck’s a chance but trouble’s sure,” the poet A.E. Housman wrote, speaking to the wisdom of preparing for problems as opposed to counting on good fortune. Even the most serendipitous…
Over the next 20 years, nearly $4.8 trillion of wealth is set to be transferred to the next generation of heirs. Much of that wealth will consist of the assets…
"All you need is love," sang the Beatles. But if the Fab Four had been family business owners, the lyric should rightly have been written, "All you need is trust."...
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