It’s vital to balance corporate governance with family dynamics. Family-owned businesses fail when relatives’ goals and values don’t align. Read More
The effects of COVID-19 will affect businesses beyond 2020, but creating a peer advisory board now could help your business survive long-term. Read More
The average S&P CEO is 58. Are businesses ready for transition? Developing a succession plan should be on every company’s agenda early on. Read More
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. Read More
Successful family businesses often create a Family Charter or Family Business Constitution—a written agreement to guide decisions on boards, succession, hiring and more. Read More
When Werner Co. faces growing pains, its president avoids making business decisions that could jeopardize the company—but his inaction is still a decision. Read More
A business divorce is sometimes inevitable, but it can be avoided. Precautionary measures and written agreements can aid in resolving partnership disputes when they occur. Read More
Do you have too much cash on hand? Cash allocation decisions are some of the trickiest for small businesses to face – make your cash work as hard as you do. Read More
Family business succession planning requires discussions about ownership, leadership, payment and other issues to smoothly transition from Gen 1 to Gen 2. Read More
In the decision making process, trying too hard to achieve consensus leads to suboptimal results. Consensus decision making should include the best of everyone’s input. Read More