How Family Business Generosity Can Hurt Relatives
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,
Get the latest insights and strategies to help you grow and thrive as a family business.
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
No one enjoys seeing an established brand throwing in the towel and calling it quits. Unfortunately, many companies fail when they don’t have family business
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.