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So many businesses make investments that will pay off in future generations, and yet they’re not paying attention to their future generations. The next generations’ readiness

Once a family determines the role of a family director, a family can then determine what qualities a family director should have. After that, the

Many families I know like to keep the peace. It’s entirely understandable because family arguments feel like they shake the foundation of everything that has

Every family has challenging personalities and difficult dynamics. In fact, many family members, when they are amongst friends or colleagues, have perfectly rational ways of

One of the biggest challenges in a family business is that you don’t have a natural peer network. You don’t often run into neighbors, friends

If you’re committed to keeping your business family-owned, the odds are stacked against you. Research by the Family Business Institute shows that 12% of family businesses remain

Along with financial returns, engagement is one of the best returns a family can get from being part of a family business. Engagement engenders an

A cohesive family means a strong family business, and there’s no better way to build cohesion than by hosting regular family meetings. These meetings are

Many families I work with constantly struggle with building engagement. They have trouble getting family members to come to family meetings. They can’t get people

Along with the family vision statement, shared values are one of the most important things a family can document. Identifying shared values allows a family

The family vision statement is one of the most meaningful documents that a family business can create — but only if you use it after you