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.
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…
Ivanka Trump is famous for her role as an adviser to her father Donald Trump on, “The Celebrity Apprentice,” as well as her career as a fashion model, but she…
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…
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…
Generation Two or G2 is shorthand for the next round of business leaders coming up through the family. It may actually be the third, fourth or later generation but in…
From the outside, succession looks like an adequately complex problem. The family firm needs to hand off from one generation to the next, without negatively impacting the firm, while ensuring…
No family business is an island. Every family firm requires outside assistance from time to time, even if it is nothing more than help preparing a tax return or selecting…