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 […]
Recipe for Happiness in a Family Business
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 […]
Stages of a Family Business and How to Get Through Them Gracefully
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 […]
Struggling with Professionalism in Your Family Business?
If you want your family business to succeed and win in the long run, at some point it needs to embrace professionalism. A business has a life cycle like a person. It’s a toddler (learning to walk), a teenager (a bit rebellious), and a young adult (more stable). We all know people that never grew […]
3 Tips for Managing Family Business Succession
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 […]
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