I was deeply saddened last week when I heard of the sudden loss of the patriarch of a fifth-generation family business I have the honor to coach. At the same time, it warmed my heart to know I got to help create a venue for the patriarch to mentor and teach the grandchildren over the […]
Adult sibling rivalry is one of the most common and potentially devastating family business challenges a family can face. Listening to a brother last week describe the challenges he was facing with his younger brother, I was told, “I don’t know how to describe it – there’s just something between us and it’s getting in […]
There are several types of family business employees who create animosity or difficulty within the workplace. There are a few types that are found in every company, from those who wish to always be in control to those that are just downright unpleasant. Within a family business, however, the relationships between employees is even more complex. […]
Today’s family business leaders have many things to be concerned about, from the way that their consumers are changing their buying habits, to the way that technology is permeating every aspect of the business. One age-old concern, however, is the method and transitional strategy behind the business’ emerging leadership. Are the new leader’s strategies going […]
Family business succession planning is a series of specific steps and timelines that need to be followed to ensure success.