Set Up the Next Generation for Success
The transition from one generation to the next isn’t always easy. The shift often happens while the business is growing, while younger family members are learning and while older family members are...
Articles
New Year, New Investments in your Family Business
January 10, 2025 in Management Issues in Family Business
This year, commit to a range of investments in key people, financial knowledge and future transitions. Specifically, think about those investments in termof mental or emotional energy, conversations...
How to Cope with Succession Anxiety Disorder
December 10, 2024 in Succession and Estate Planning
Succession is notoriously difficult. I call the angst surrounding the succession process “Succession Anxiety Disorder.” Read more about it!
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.
