Most families have a few annual rituals that happen this time of year. They could be gathering for a meal, exchanging gifts and expressing gratitude, for instance. The families we serve want to take the right steps to create a strong, successful and sustainable family business that can be a source of family purpose and […]
Family Business Relationships
Perspectives on family business relationships, how different members within a family-owned business interact with one another and tips for successful communication.
Think about your family and your family business like a soup, or a casserole. A tasty soup becomes great by combining a unique mix of ingredients with just the right amount of preparation and heat. As you approach the holiday season, I thought I’d share my recipe for making your family and your family business […]
I compare family businesses to professional sports teams often. I believe business is a competitive sport and there are many parallels we can learn between professional sports and professional business. Sports has shown us many great dynasties over the years with teams that have had decade-long success. Rarely does that success become repeatable over several […]
Succession may be one of the most critical times in the life cycle of a family business. Thoughtful business owners realize they have a responsibility to the employees and stakeholders of the business and their family to make sure they do succession planning right. Most business founders and entrepreneurs have a high level of confidence […]
Ever wonder how a great musician learns to play at such a high level of expertise? Practice! I’ve watched several interviews and documentaries about some of the world’s greatest performers. Each and every one of them has an unrelenting passion for practicing their craft. In a family business, if you are going to perform at […]