Find answers to common questions, learn about key aspects of family businesses, and receive guidance on specific topics.
During many years of serving as an Independent Director on my sixteen years of serving five different family business boards, I’ve developed five best practices to share with fellow family Directors.
Family meetings provide an intentional opportunity away from work and other commitments for the business-owning family to have important conversations.
There are many attitudes towards ownership. The following 8 types describe what we have found are common among family business owners. How would you describe yourself?
Our effectiveness in all relationships depends upon our ability to communicate. Yet one of the most frequent issues in marriages, parent-child relationships, partnerships, schools, and businesses is the the failure to communicate.
There are many aspects of transitioning a family business from one generation to the next: choosing a successor, establishing a timeline, preparing the next leader, transferring responsibilities and “passing the baton” in a thoughtful, purposeful manner.
Wisdom is using the energy of Hall’s balance-in-tension well. Each family or business structure is a set of relationships and as such is a wellspring of opportunities for creativity and innovation.
These days, two distinct visions around a set of values are clashing in Eastern Europe. Like every crisis, that puts so many things up in the air. We’ve barely caught our breath from COVID-19 and now this!
Part 3: “The dinner party changed everything.” Things can turn into other things. People can become family. And, when those miracles happen, the good that flows feel boundless.
Part 2: “Doing business at the wedding.” In family business we often stand at crossroads. We ask, “Who will be our new CEO?” Or, “How shall we grow our business?”
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