Many companies will only hire family business consulting as a last resort. Other firms rely on frequent suggestions from these experts before making any decisions.
Category: Continuity Planning
Running a family business comes with a special set of challenges. The term “family-owned business” tends to conjure an image of a small-scale, locally run
Most owners will fail to stop and reassess their family business health. They believe that all of their teams will fight and expect nothing less.
When discussing family business stock, you might not be aware of all of your options. Some situations can even prevent transfers from happening, especially following
Many companies spend a lot of effort avoiding conflict in the family business. Which brings us to the question, should you allow these disagreements to
It can feel shocking when some family business owners decide to step down. Other directors may not understand that they don’t have an emotional connection
When a family business transitions to the next generation, challenges can arise everywhere. Most notably is when you’re choosing who continues to lead and who
One of the most frequent business mistakes is ignoring the need for continuity planning. How can any successful firm establish a long-lasting legacy without designing
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
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