Is succession the only hurdle your family business faces? While it’s a critical issue, advisors know there’s more to the story. This article explores three underlying challenges that can make…
Bridging Communication Gaps in Family Businesses: Lessons from the Silver Screen The iconic line from Paul Newman’s “Cool Hand Luke” – “What we’ve got here is a failure to communicate”…
In recent decades, the world has undergone a seismic shift, especially in technology. Imagine smartphones more powerful than NASA’s computers during the moon landing, or 3-D printing that echoes Star…
In the intricate ballet of family-run businesses, the dance of succession is one filled with complex emotions and high stakes. These businesses stand apart, as they must harmonize the delicate…
In the evolving landscape of today’s business world, family enterprises face distinct and ever-changing challenges. The complex dynamics of these businesses often blur the lines between personal and professional stresses….
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.