How to Address Conflicts of Interest Within Family Business Boards
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
Category: Continuity Planning
How Can Family Business Diversity Make Your Brand a Better Competitor
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
Who Pays For Expenses With Family Business Budgeting?
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
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
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.
Continuity Planning: Why It’s Important to Your Brand and Family
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
Essential Ways to Strengthen Your Brand With Family Business Planning
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
Learning from Others’ Mistakes With Family Business Succession Planning
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
Welcoming the Next Generation of Leaders With Family Business Succession Planning
One of the most challenging steps for future success is family business succession planning. No two firms have the exact resources, challenges, or insight as
Finding Tomorrow’s Leaders with Family Business Succession Planning
Transitioning to the next group of leaders is a significant milestone. It’s also when it’s crucial to begin family business succession planning. Unfortunately, not every
