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Articles tagged: Family Dynamics
Surviving the Second Generation: Discussions You Need to Have Before Family Business Transitions
Many family businesses don’t survive into a third generation. Strong quarterly communication can aid family business transitions. Read More
2 Crucial Tips for Preserving Multigenerational Wealth
Better multigenerational wealth management requires families to recognize potentially fatal events and treat their wealth as an enterprise. Read More
Family 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 More
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? Read More
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. Read More
Smart Giving Gives Back: The Surprising Benefits of Family Philanthropy
Philanthropy is important to many wealthy families, but many don’t have a structured plan. Learn how to give back with organized philanthropy. Read More
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. Read More
Women: It’s Time to Take Charge of Family Finances
Studies show a majority of wives are uninvolved in family finances. Here’s how advisors and spouses can address financial planning for women. Read More
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. Read More
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. Read More