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 […]
Family Business Articles, Tips and Advice
Family businesses have unique characteristics that can either drive success or create discord. Our goal is to help every family-owned company get on, and stay on the path to success.
I’ve been joking for sometime saying that family business reminds me a lot of a hockey game. A fight breaks out almost every time. Conflict breaks out in most family businesses. Yet, the truth is, conflict happens in just about every business. One of the important things we teach our family business clients, is that […]
Statistics tell us 7 out of 10 family businesses will not successfully transition to the next generation. The question is, what can you and your family do to make sure you beat the odds? Here are a few tangible steps you can do to take over a family business, which are based on my 20 […]
Every July I think about independence and how it’s such an important human desire. In my work with family businesses all over the world, it’s evident that the younger generation really values independence. Successful family businesses need to strike a balance between giving the next generation some independence and encouraging the next generation to realize […]
One of the biggest days of my life was when I resigned my position as the Vice President of our 250-employee family business. It took years to reach that decision. Hopefully reading this article will accelerate the process in your decision-making. You can lose a lot of sleep and generate a lot of stomach acid […]