Blog

If your company is like most others, investments in the board and the business take priority over spending money on the family. This needs to stop.

Living in the same city as the rest of your family is a huge advantage if you’re trying to run a family business. It’s much

There are many books and articles written about family business and legacy. Many of these talk about the advantages and benefits of legacy, both for

Most families have ongoing projects and policies that are handled in regularly scheduled meetings. But some challenges, like internal conflicts or major transitions, are better

In one family I worked with, there had always been one branch of the family who took a position that was the opposite of what

As a consultant and family council chair, I have heard many times the senior generation’s mantra: “We are just waiting for the next generation to

Many families focus on deciding which individual is going to be the next leader of the business, the family council, or the board. But there

Engagement isn’t only about the family interacting with the business or the leadership. Successful engagement also means taking advantage of individual skills throughout the whole family

Succession is a hot topic, and it always is for a family business. Fifty percent of family businesses are going to go through some leadership transition

Family businesses are full of risks. There’s the risk that the board won’t have the proper directors in place to support the business strategy. There’s

Many families who own family businesses have conflict embedded in their culture. Often it starts a generation or two before the current generation. Conflict gets

It’s a big challenge–growing the business to keep pace with the growth of the family. Since most families grow exponentially, that creates great pressure on businesses.