Family Business Archives

How to Assist Board Members with Signs of Dementia

Tags: Business Leadership, Business Management, Business Transition and Exit Planning, Family Business, Living Well(ness), Retirement,

How do you approach someone in your business who is showing signs of dementia? You want to handle the situation carefully and to the best of your abilities. This article offers some advice so you can avoid making mistakes when faced with a difficult situation.

Advice for Securing Your First Board Seat

January 13, 2022
/ Business Owners & Executives
/ By Bruce Werner

Tags: Advisors, Business Leadership, Business Management, Family Business, Fiduciary Duties & Corporate Governance, Succession Planning,

Obtaining a board seat was already difficult but has become more challenging over the years because of how highly competitive it is. Find out what steps you can take to best prepare yourself.

How You Can Save on College Costs

Tags: Business Planning, Family Business, Financial Management, Personal Finance/Investing, Small Business,

FAFSA’s Expected Family Contribution (EFC) formula will change to the Student Aid Index (SAI). Here are some ways that you can save on college costs. If you’re a small business owner, find out how you can use your business to lower your SAI.

Fight, Flight, or Freeze: Dealing with Business Conflicts

November 22, 2021
/ Business Owners & Executives
/ By Bruce Werner

Tags: Business Leadership, Business Management, Family Business, Family Dynamics, Life-Work Balance, Small Business,

How should business conflicts be handled? Instead of responding to “fight, flight, or freeze” instincts, it’s best to address these situations with care. Find out how to handle family and non-familial conflicts in a business environment.

Governance Systems Should Anticipate and Resolve Business Ownership Conflicts

August 4, 2021
/ Uncategorized
/ By Bruce Werner

Tags: Business Leadership, Family Business, Fiduciary Duties & Corporate Governance,

Business ownership conflicts threaten the continuity of a business, and when decision-makers can’t step up, the board must lead the charge.

The Good, the Bad and the Ugly of Family Business Transitions and Exit Planning

Tags: Business Leadership, Business Transition and Exit Planning, Family Business, Family Dynamics, Selling Your Business,

Usher in the good and avoid the bad—or ugly—in family business exit planning by following these strategies during a transition.

Structure is the Key to Stronger Family Business Succession Planning

Tags: Business Leadership, Business Transition and Exit Planning, Family Business, Family Dynamics, Fiduciary Duties & Corporate Governance,

Unorganized family structure can lead to failed business transitions. A successful family business succession plan requires clear roles.

Study: Private Company Board Compensation

Tags: Business Leadership, Family Business, Fiduciary Duties & Corporate Governance,

How much should board of directors members be paid? In cash or retainers? Find out how companies pay their directors in the latest study.

Surviving the Second Generation: Discussions You Need to Have Before Family Business Transitions

Tags: Business Leadership, Business Transition and Exit Planning, Estate Planning & Asset Protection, Family Business, Family Dynamics, Small Business, Succession Planning,

Many family businesses don’t survive into a third generation. Strong quarterly communication can aid family business transitions.

2 Crucial Tips for Preserving Multigenerational Wealth

Tags: Estate Planning & Asset Protection, Family Business, Family Dynamics, Financial Management,

Better multigenerational wealth management requires families to recognize potentially fatal events and treat their wealth as an enterprise.

Articles tagged: Family Business