Family Business

There are essentially two paths you can take when it comes to transitioning the ownership of your business – an internal transfer or an external transfer.  Each path offers several options. 
 
One thing is clearyou will eventually exit your business, either on your terms or someone else’s. ... Read the Full Story

How-to-overcome-your-biggest-business-frustrations

In my last blog, Overcoming The BIG 5 Frustrations Business Owners Face, I shared the most common frustrations challenging CEOs: control, profit, people, hitting the ceiling, and nothing is working. Are these frustrations running through your head at 2:00AM?... Read the Full Story

Family-business-needs-to-address-issues

 
Remember the reasons you started your business?  Making your mark in this world.  Freedom. More fun. Control of your destiny.  
 
And then one day you woke up and it felt like you had an albatross wrapped around your neck.  You’re working harder than ever.  Your team isn’t clicking the way you want.  There is conflict within the family. ... Read the Full Story

Lady Justice is blindfolded to symbolize fairness as she balances the distribution of law without bias or prejudice. And there is a similar balancing act in family business. On one side, leaders need to be motivated, intense, creative and assertive decision makers. On the other side, they need to nurture and support family harmony along with employee satisfaction. Not an easy... Read the Full Story

The role of CEO is one of the most demanding career opportunities anyone can face, combined with many highs and lows. Being a family-business CEO comes with an even greater set of challenges and opportunities that require a combination of business discipline and family dynamics. 
 
The CEO is not only responsible for running a profitable business, but assumed to understand family... Read the Full Story

When the stakes are high and strength of the family is needed most, family businesses need to have some processes in place to build that strength before it is needed.   Here are some suggestions for family leaders who want to strengthen family connectedness.

  • Conduct family meetings. Working collectively toward a shared goal “builds the muscles” that help a... Read the Full Story

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