Enjoy this week’s bracket of family business articles.
Kensington man jailed for stabbing his dad to death after family business dispute
By Amita Joshi-Wlon
http://www.getwestlondon.co.uk/news/west-london-news/kensington-man-jailed-stabbing-dad-10414155
This is a stunning example of conflict in Family Business.
10 Reasons Family Businesses Are Not Staying in the Family
The Wallstreet Journal
By Wayne Rivers
http://blogs.wsj.com/experts/2015/11/23/10-reasons-family-businesses-are-not-staying-in-the-family/
This in-depth blog explores the statistic: 70% of family-owned businesses fail to make it through the second-generation and the reasons why this occurs
Are Family Business Advisory Boards Worthwhile?
Forbes
By Ress Alan Prince
http://www.forbes.com/sites/russalanprince/2015/11/23/are-family-business-advisory-boards-worthwhile/
This article explores finding of a study that found most family business advisory boards are not beneficial. Find out what you should look for in an advisory board in order for it to work for your family business.
How to Keep a Family Business Alive for Generations
The Wall Street Journal
By Peter Jaskiewicz and James G. Combs
http://www.wsj.com/articles/how-to-keep-a-family-business-alive-for-generations-1448045760
This article outlines five steps that make it more likely the entrepreneurial fire will stay burning in your family business.
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Recently at the Family Business Performance Center:
We recently completed another Fundamentals of Family Business Success program with a family group…it’s so great to see families expand their business tool kit and have some real conversations about the family dynamics that can destroy a good business.
As the coach, I provide real-time, live coaching to teach the family how to talk straight with each other.
Let me know if you want to talk to the most recent family about what they got out of the program or if we can help you and your family grow some new muscle in this interactive and engaging coaching program.
