Financial Poise

Articles tagged: Family Business

Family Offices and Managing Private Wealth

5 Rules for Building a Solid Family Office Structure

A solid family office structure requires a quality management team that can protect and sustain a family’s wealth over generations.

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Three Circle Model

Revisiting the Three Circle Model of Family Business to Strengthen Governance Structures

It’s been 40 years since Gersick introduced the Three Circle Model for Family Business. How can you assess governance maturity in each circle?

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Family Business GPS

Families in Business: Mapping Out Your Family Vision with a Business GPS System

Bypass U-turns with this “GPS system” that aligns family vision and helps find the fastest path to meeting your family’s business objectives.

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Family Business Board of Directors

Psychology of a Private Company Board Part 2: Family-Owned Businesses

The board of directors for a family-owned business has a duty to the company’s owners, but family dynamics often complicate its direction.

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Family Dynamics in Business

The Art of Balancing Family Dynamics in Family-Owned Businesses

It’s vital to balance corporate governance with family dynamics. Family-owned businesses fail when relatives’ goals and values don’t align.

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Peer Advisory Board Meeting

Forming A Peer Advisory Board To Cope With COVID-19

The effects of COVID-19 will affect businesses beyond 2020, but creating a peer advisory board now could help your business survive long-term.

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a family sits on a lawn, representing managing family wealth and legacy

6 Ways to Manage Family Wealth and Create Your Family Legacy

Your family legacy depends on managing family wealth and relationships in a way that fulfills a common mission. Six tips on creating your family’s purpose.

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family preparing food in the kitchen, representing how to create a Family Charter

How to Create a Family Business Charter

Successful family businesses often create a Family Charter or Family Business Constitution—a written agreement to guide decisions on boards, succession, hiring and more.

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welder at work, representing making bad business decisions

Not Making Business Decisions = Making Bad Business Decisions

When Werner Co. faces growing pains, its president avoids making business decisions that could jeopardize the company—but his inaction is still a decision.

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