Family Talent

Resonant Leadership: What Is It and Why Is It Important to the Next Generation?

Family Talent /

“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 […]

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Ownership Structure in Family Businesses: When and How to Pivot for Generational Success

Family Enterprise Office, Family Talent /

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

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Using a Facilitator to Overcome Family Business Challenges

Family Enterprise Office, Family Talent /

Most people realize that building a small business is challenging, but few understand the difficulties of building a business around the intricacies of family dynamics. In the best situations, the family offers a foundation of loyalty, trust, and dedication – traits on which most businesses need to thrive. In the worst cases, challenging family relationships,

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Family Business Succession Planning: Why the Journey Is More Important Than the Destination

Family Enterprise Office, Family Talent, Family Values /

When you think about transitioning out of your family business, what do you envision? Is it the day you hand over the keys to your successor? Or maybe it’s the retirement party your loved ones will throw you, where you’re surrounded by friends and family. While we tend to associate the idea of “succession” with

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How to Communicate with All Members of Your Family Enterprise

Family Enterprise Office, Family Talent /

Whether you’re the founder or inheritor of your family’s business, you know the challenges involved with communicating across multiple generations of family members. Even if all parties generally get along, messages can get lost in translation or interpreted improperly often. Unfortunately, family enterprises rely on clear communication and the alignment of goals amongst generations. The

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Agatha Johnson Interviewed by Prairie Family Business Association

Family Enterprise Office, Family Talent, Family Values /

Just recently, I had the sincere pleasure of being interviewed by The Prairie Family Business Association (PFBA) about lessons I learned growing up on a multigenerational family farm and how they helped shape what WillKate is today.  Spoiler alert: It all goes back to my great-grandfather, Edward Kappenman, who immigrated from Germany and purchased farmland in north-central

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Family Talent

Mining Family Talent to “Fund” the Family Enterprise

Family Enterprise Office, Family Talent, Uncategorized /

Family is at the heart of creating a wealth-generating enterprise, and the human talent within the family is the most powerful investment and opportunity any one family has in achieving this mission! Of course, measuring the value of any single family member’s potential contribution to the enterprise may seem hard to quantify, but should certainly

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three gentleman sitting at a table taking notes

How to Manage Family Liabilities for Generational Wealth Building

Elements of Wealth, Family Enterprise Office, Family Talent /

In financial terms, assets and liabilities compete against one another in terms of the business’s balance sheet. Assets are items a company owns that provide economic benefit, while liabilities are financial obligations that detract from the total assets. Generally speaking, assets include receivables or revenue from income, investments, inventory, and equity, while liabilities are otherwise

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Cultivating a 100-year family enterprise

Family Enterprise Office, Family Talent, Family Values /

Discussion with Greg Lewis of Family Business Today Agatha Johnson, WillKate’s founder, joined Greg Lewis on his podcast Family Business Today to talk about how to build and sustain a family enterprise over generations. In this captivating interview, Aggie shares her own family’s experience along with the stories of families she and her team advise.

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