Thorny 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.
Management Issues in Family Business
New Frontiers of Family Business
January 10, 2024
Similar to the defining points in your family business history, there are choices today that represent new frontiers for the company. These frontiers represent changes to your business and to your...
Consider Delaying the Next Generation's Return
November 10, 2023
Seeing the next generation return to work on the family farm or ranch is a significant source of pride. However, being “able” to return and being “ready” to return are differences that have serious...
When Family Businesses Become Dangerous
June 10, 2023
Family farms and ranches can be great places to work. However, the family perspective brings certain tendencies that can threaten the future of the business, imperiling both the important work and...
Focus On The Positives
June 18, 2022
Four factors to determine the benefits of a family farm operation.
A Pandemic Blessing: Margin Redefined
October 18, 2020
A new perspective provides a noneconomic meaning to this business term.
Recognize Loss To Help Heal
September 18, 2020
“Our hunger for absolute certainty is rarely satisfied even in the relationships we believe are permanent and predictable.” –Pauline Boss, “Ambiguous Loss: Learning To Live With Unresolved Grief”
Permission To Change
August 18, 2020
Operations should address legacy assumptions and adjust management decisions for future success.
Forgiveness Keeps Businesses Intact
July 18, 2020
“The act of forgiving ... is the hardest trick in the whole bag of personal relationships.” –Lewis Smedes
Winter Work
December 18, 2019
Use seasonal downtime to make changes to ownership structure and management strategy.