Family Business Succession: How to Onboard New Directors
Foundations often think of family business succession as a future problem. Many companies frequently add new directors to existing boards, which makes preparation vital. As
Foundations often think of family business succession as a future problem. Many companies frequently add new directors to existing boards, which makes preparation vital. As
Many clients want to know why they aren’t seeing growth in their family business. Success continues to evade them, even when they think operations are
While there are many reasons to start a family business, generosity often is named. Specifically, the ability to bless your relatives and staff financially. Unfortunately,
When we speak with a family business, team building is often not a priority. Little do they know that these activities help prepare future generations.
A misconception that people have of family business directors is that they aren’t always born with natural leading ability. Even the most accomplished executive had
Some firms love to celebrate every family business milestone, while others only focus on the failures. Which important moments deserve recognition, and which ones are
Even wildly successful brands can feel defeated and it often stems from poorly prepared leaders. Without continuity planning, transitions can become a rocky experience for
Many family business leadership groups struggle with a crisis or an emergency. You can only plan for so many problems before being caught off guard.
What makes family business planning complex is that no two companies started exactly the same way. While some used careful strategic designs, other firms began
One thing that many firms struggled with over the pandemic was staying connected. Even family business meetings had to pivot to virtual platforms. Many of
Positively People is a leading global consultancy firm, focused on ensuring generation continuity in family-owned and tightly held businesses.