Leadership skills aren’t always something a person is born with but instead is taught, groomed, mentored, and encouraged. A leader of a family business will know how to create a…
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Face-to-face meetings between the members of a family business is one of the most effective tools for improving communication, building cohesion, sharing values, creating traditions and, ultimately, increasing the chances…
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Jared Kushner's path to the White House has been cleared by a Justice Department opinion allowing him to work alongside father-in-law President Donald Trump without violating federal anti-nepotism laws. While…
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The history of accounting starts when the history of business begins. Keeping track of money paid and received was probably the task for which writing itself was originally invented. That…
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Have you ever heard someone say I EARNED a second chance? Or I MADE a second chance? What about I CREATED a second chance? No, not really. Generally, we say…
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When family business succession works, it is never due entirely to the older generation -- G1 -- or the next generation -- G2. In every case, it works because both…
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Generation Two or G2 is shorthand for the next round of business leaders coming up through the family. It may actually be the third, fourth or later generation but in…
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The race for the next U.S. president is on! And even if you’re not politically minded, you’ve noticed that one candidate is particularly good at getting press coverage. Yes, family…
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Many family business leaders never question whether to have a board of directors. If the business is set up as a corporation, most of the time it is legally required…
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Ask any family business advisors to identify the top three family business challenges and odds are good the reply will come instantly: Succession, succession and succession. Next will come a…
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