Family businesses are too often like the proverbial “red-headed step child” in the corporate world. That’s because there are still a lot of misconceptions, or myths, about family businesses that…
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All families and businesses experience conflict. Family businesses that survive practice the equivalent of controlled burns. By exposing and dealing with simmering conflicts in managed situations, they prevent buildup of…
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Given the fascination – and headlines – devoted to family shenanigans at companies like Adelphia, Imclone, and Martha Stewart Inc., it is no wonder that myths of family business continue…
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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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