How to Cope with Succession Anxiety Disorder
Succession is notoriously difficult. I call the angst surrounding the succession process “Succession Anxiety Disorder.” Read more about it!
Articles
How to Prepare for the End of Your Family Business
November 10, 2024 in Conflict Resolution and Communication in Family Business
Family companies rarely stay the same over time. For different reasons, the chances are that somewhere in your future, your business will experience an ending, split or dissolution. Here is how you...
Your Pre-Succession Checklist
October 10, 2024 in Succession and Estate Planning
Succession is often narrowly framed as the movement of assets like land and equipment to the next generation. While such planning is important, there is more to it than just the movement of assets....
The Different and Difficult Sides of Dedication
September 10, 2024 in Management Issues in Family Business
Dedication is a word with many positive connotations. But can a person be too committed to the family business? Can dedication to a business come at the expense of other important parts of one’s life?
Create your Present and Future Legacy
August 10, 2024 in Succession and Estate Planning
The word “legacy” is primarily used to describe something created in the past that is intended for future generations. But there are also things you can create today that are equally powerful in...
In the Shadow of Guilt
June 10, 2024 in Conflict Resolution and Communication in Family Business
Coming back to the business, carrying on the business, or leading the business are all areas where a feeling of guilt can overwhelm someone for choosing the "wrong" option.
Unlock the Power of Emotions in your Family and Business
May 10, 2024 in Conflict Resolution and Communication in Family Business
Recognizing, understanding, labeling, expressing and regulating emotions can improve your mental health as well as your relationships, physical health, and performance in your family business.
The ABCs of Business Ownership
April 10, 2024 in Succession and Estate Planning
Attitude, Behavior, and Capital are key components of family business ownership.
Do You Really Know Your Family Members?
March 10, 2024 in Conflict Resolution and Communication in Family Business
One of the great ironies in family businesses is that we often struggle to have good relationships with those we are closest to: our family members we work with every day.
Thorny Management Issues in Family Business
February 10, 2024 in Management Issues in Family Business
When it comes to managing a business, family businesses often struggle to discuss several key issues, including compensation, individual performance, and transitions.
