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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There remains a high level of uncertainly about how the Affordable Care Act will ultimately affect family-owned companies across the country. In particular, small family business owners are waiting to…
This past February, the third season of Duck Dynasty debuted with 8.6 million viewers, the most of any show in A&E’s 29-year history. Duck Dynasty, which is about the Robertson…
Kris and Bruce Jenner have announced their separation as of Tuesday, Oct. 8, 2013. The power-couple, whose marriage lasted 22 years, were involved in many different business ventures, including their…
Donald Trump is one of the most famous businessmen on the face of the planet. But even the Trump dynasty isn’t immune to the challenges that all family businesses face….
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…
It’s no secret that a family business advisor needs considerable skill at untangling complicated personal relationships in addition to expertise in business areas such as financial management, strategy, and succession…
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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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.
Chances are good that a long-lived family business will eventually be led by a sibling team. Despite sharing common values, siblings face real obstacles when cast in the top leadership spot.