How Charitable Donations Can Feel Rewarding With Family Business and Philanthropy
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
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Effectively Nominating New Board Members with Continuity Planning
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
How to Adopt Effective New Policies When The Family Business Changes
Family business changes can happen as founding members step away, and new ones take over. Sometimes, firms have allowed these transitions to become volatile, leading
Family Business Succession Planning: What Happens When a Founder Dies?
Not enough companies have contingencies in place for when their founder dies. By then, family business succession planning is too late to save the firm.
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
Why Family Business Success Hinges on Great Governance
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
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,
Prepare the Next Generation Now With Family Business Team Building
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.
Family Business Directors Don’t Lead Naturally
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
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