The Double-Edged Sword of Sacrifice
As businesses transition from one generation to the next, the type of sacrificial behavior expected, or offered, might change. It’s important to talk about sacrifice and what it currently means to...
Articles
Eight Practical Succession Strategies
January 18, 2023 in Succession and Estate Planning
Here are are eight ideas to bolster your management-succession and estate-planning efforts.
Ensure Continuity in your Family Business
December 18, 2022 in Succession and Estate Planning
The senior generation often receives immense satisfaction in seeing the decades of effort and energy they poured into the business successfully transfer to the next generation of owners. However,...
Success in the Second Half of Life
November 18, 2022 in Succession and Estate Planning
Arthur Brooks’ book, “From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life,” offers helpful ways to think about your transition from a successful first...
Lead Your Family In Ownership Transition
October 18, 2022 in Succession and Estate Planning
Here are four conversations you need to have with heirs.
Cut Off From Your Kids
September 18, 2022 in Conflict Resolution and Communication in Family Business
Rejection from the person whose opinion and love you care the most about ... makes the certainties of life feel precarious and unraveled.
Why It's Hard To Be A Family Business
August 18, 2022 in Conflict Resolution and Communication in Family Business
Being in business with family can have a certain allure, an attraction based on shared values and high trust.
Focus On The Positives
June 18, 2022 in Management Issues in Family Business
Four factors to determine the benefits of a family farm operation.
Hold To A Higher Standard
May 18, 2022 in Conflict Resolution and Communication in Family Business
Non-family members can bring out the best in your closely held company.
The Toughest Factor In Succession Planning
April 18, 2022 in Succession and Estate Planning
One of the hardest tasks in a family business is transitioning relationships to the next generation.
