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Articles tagged: Family Business
Family Business Succession Planning: Prepping the Kids to Take Over
He wasn’t talking about family business succession, but Leo Tolstoy said, “All happy families are alike; each unhappy family is unhappy in its own way.” That’s known as the Anna […]
Read MoreHow to Assist Board Members with Signs of Dementia
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.
Read MoreAdvice for Securing Your First Board Seat
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.
Read MoreFamily Business Conflicts: Are You Choking on Family Fur Balls?
Conflict resolution in family business starts by addressing ‘fur balls’. Don’t choke, or family business conflicts will worsen.
Read MoreSTEP, KPMG Study: Global Family Business Governance Trends
Here’s what the STEP survey on global family business trends reveals about governance, Millennial leadership, diversity and retirement.
Read MoreRevisiting 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?
Read MorePsychology 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.
Read MoreThe 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.
Read MoreNot 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.
Read MoreBuilding the Best Strategy to Drive Cash Allocation
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.
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