Regular issue
//January 16, 2023 - Issue #81
It’s Complicated: Managing Succession in Cases of Divorce and Adoption As families become more complex, so does planning for succession in the business. Part 1 of our 2-part series looks at how to minimize the risks for conflict.
Advice for Family Business Successors: Be Humble and Curious The bravado and doggedness that worked for Winston Churchill and Vince Lombardi won't work at family firms, which need a more supportive leadership style.
'CHAOS' Brings Order to Family Businesses Business thinking is rational and economic; families are highly emotional. Chaos can result when the two realms intermingle, but it can be minimized.
Keeping it in the Family Experienced mentors weigh in on how to keep the peace while working with your relatives.
What Matters More for Entrepreneurs: Book Smarts or Street Smarts? In environments with high levels of uncertainty, our research showed that emotionally intelligent people were far more likely to be successful.
Developing Your Business Family Strategy: Where to Start and What to Consider Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and vision.
Exiting a Business: the Challenges and Rewards Is 2023 the year you sell your business? Get ready for a thrill ride of emotions. Here's what to expect.
A business sale changes more than ownership. Families must also rethink governance, roles, wealth, identity, and purpose after the company is gone. Read more...
Political differences can turn dangerous when family members begin dismissing one another’s business judgment based on political identity. Read more...
More than 300 peer-group meetings show what happens when family business leaders have a trusted place to talk with people who truly understand their challenges. Read more...
Family business consultants often create their greatest value in unexpected ways: helping families uncover the real reasons they're stuck, have difficult conversations, and make better decisions. Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation