Family businesses, a unique blend of family ties and business acumen, face a complex challenge: succession. This intricate dance is fraught with emotions and high stakes, as it determines the…
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Face-to-face meetings are crucial for successful family businesses. They foster communication, build unity, and establish traditions, ultimately promoting long-term success. Summer, with its relaxed schedules, presents an ideal opportunity for…
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?
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…
Navigating the Future: The Importance of Succession Planning Succession planning is a vital strategy for businesses of all sizes, ensuring a seamless transition in leadership and ownership. It's not just...
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Companies must stay ahead of trends in the ever-changing business environment, understand employee motivations, and maintain their competitive edge. While before major global events, the U.S. saw a steady employee...
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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…
Few can claim the surprise of declining a $975 million check. That's what Sue Ann Arnall did in January of 2015. During a turbulent and highly broadcasted divorce involving family...
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