In an earlier post we talked about the — often mistaken — feeling that a family business just ought to have a board of directors. Arguments against a board generally revolve around whether the business…
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The history of accounting starts when the history of business begins. Keeping track of money paid and received was probably the task for which writing itself was originally invented. That makes it doubly unfortunate that…
So, there’s this guy named Kanye West. Ever heard of him? How could you not, right? Even if you’re not in to the pop culture scene, you probably know he’s shocked a lot of people…
Collaboration is one of the most valuable remedies in the family enterprise medicine chest. Long-lived family businesses build their management system around multiple persons rather than one. This creates flexibility, greater awareness of risks and…