What does it feel like when a founding wealth creator begins the passing of the baton to a group of multi-generational legacy builders? What does it take to devote attention and resources to both the collective “we,” while fully nurturing the equally critical “me,” of each family member and giving them the crucial components of […]
Complexities, as Families and Wealth Evolve and Grow: Part I Read More »
“Teaching them the ropes… Getting them up to speed… showing them the basics.” Phrases often used when the next generation of a family-owned business steps into the business. Much thought and action are applied to teaching the next generation the mechanics of running and owning a family-owned business. While this is extremely important, what absolutely
Resonant Leadership: What Is It and Why Is It Important to the Next Generation? Read More »
What is the difference between ownership and management? These differences are some of the most important aspects of ownership that next-gen leaders need to learn. While acknowledging there will be some overlap, the differences between the two roles are critical to understand in order to help the next generation of owners prepare for their new
Family businesses are unique entities, balancing the intricacies of family relationships with the demands of the business world. They carry legacies, embody values, and represent generations of hard work. The transition from one generation to the next often presents challenges, and it’s crucial for families to navigate these transitions effectively to ensure the longevity of
Ownership Structure in Family Businesses: When and How to Pivot for Generational Success Read More »
The lifecycle of a family, much like the business it may own, has its ebbs and flows. There’s the rise of the next generation, taking the reins, and the maturation of the older one, requiring new forms of support. Just as we prepare to take over the family business, we must also prepare to step
Helping Our Parents Age Gracefully: A Family’s Guide to the Delicate Transition Read More »
A tribute to Wilfred and Catherine Kappenman 2020 has been a year to take fresh look at your life, your family, your business(es), the legacy you want to create and think about what’s next. While you’re reading this on our newly minted WillKate website, we wouldn’t be here today without reflection on our story and
Honoring family values for generations to come Read More »
