Children who are indulged in bloated salaries and do-nothing jobs aren’t being helped and will likely not be happier as a result. And these types of indulgences significantly hurt the business.
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Managing Partner of REGENERATION, Elle Hansen, shares her thoughts about a unique time during her work as a family business consultant and how it impacted her and her clients In…
"All you need is love," sang the Beatles. But if the Fab Four had been family business owners, the lyric should rightly have been written, "All you need is trust."...
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DO YOU REALLY KNOW WHAT YOU’RE GETTING INTO? Someone you love has named you the executor of their estate in their will. Aside from feeling pleased that they respected your…
When pop musician David Bowie issued $55 million of ten-year bonds secured by royalties from his first 25 albums, institutional investors snapped them up immediately. Moody’s Investor Services gave the…
“I never thought I would leave the family business.” says the 46 year old unemployed heir of a $20 million Texas based light manufacturing and distribution company. “But when Dad got…
The goal is to develop communication skills that allow us to discover a mutually beneficial resolution. Communication skills among family members range from “begging for a fight: lose-lose” to “mutual satisfaction: win-win.” Those families that maintain life-long positive communication develop their skills by rigidly adhering to the following “Nine Habits.”