Family Business Risk: What to Factor in with Decision Making
Every company balances the pros and cons of making educated choices. However, with a family business, risk can cause you to gamble away more than
Get the latest insights and strategies to help you grow and thrive as a family business.
Every company balances the pros and cons of making educated choices. However, with a family business, risk can cause you to gamble away more than
When operating a family business, strategy can be reserved for competitors. There is a fair amount of juggling involved to keep everyone happy. A family
Family business boards can be inherently burdened with conflicts of interest. Every decision they make attempts to benefit both the company and relatives. Yet, as
If there’s one topic that puts an owner on edge, it’s family business diversity. How can you maintain the spirit of the family with outside
When managing a family business, budgeting often leads to conflict. Specifically, when you’re determining which relatives should pay for certain expenses. Even though a family
As time goes on, the role of the family business council will change. That can occur as a planned intention or as a reaction to
When you’re discussing your family business, education might not be a top priority. However, if you want to see your firm last a lifetime, it’s
A big primary reason for many in starting a family business is the ability to make charitable donations. Many philanthropic organizations begin with entrepreneurs who
All aspects of continuity planning are essential, but effective nomination guidelines are a priority. Without a roadmap guiding you towards your best candidates, you could
Whether you’re just getting started in your family business or you’ve been at it for generations, these resources can help you take your business to the next level.
Positively People is a leading family business succession planning firm. We specialize in family business consulting services, conflict resolution, and strategic management.