Family Business Transitions: Who Should Lead, and Who Should Leave?
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
Category: Continuity Planning
Where Should You Start and End With Continuity Planning?
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
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
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
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 continuity 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
