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…
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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…
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2020 found families and businesses under pressure, stress and in the middle of the COVID crisis. For many family businesses this called attention to the structural damage or holes that…
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A recent New York Times story reported that Hong Kong billionaire Li Ka-shing recently announced succession plans for his business empire, which is reported to be one of the largest…
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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…
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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…
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