Ownership Versus Management: Helping the Next Gen Understand the Difference In Family-Owned Business
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 […]
Life for business owners tends to move at a faster pace — which can make it difficult to step back from the hustle and bustle and focus on the future. […]
You’ve likely heard before that “emotions don’t belong in business,” or “it’s not personal, just business.” But when you’re running a successful family business, your decisions are personal, and they […]
Transformative life events have a mysterious way about them. We can’t anticipate them, can’t plan for their arrival, and certainly can’t summon them at will. It can often seem when […]
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 […]
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 […]
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 […]
When it comes to passing down intergenerational wealth, many families tend to mistakenly narrow their focus on the logistics—how they will transfer their assets with strategies like trusts, gifts, life […]
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 […]