Who Needs a Family Office and Why?
As a family business grows, so do a family’s financial complexities and overall portfolio, permitting family offices to manage their wealth. With business investments, land
Category: Family Business Succession Planning
Myth or Reality? Do Family Businesses Really Fail After the Third Generation?
Family-owned businesses have been a crucial part of the global economy for hundreds of years, from local shops to large corporations. And the myth that
How Do You Plan for the Unexpected Death of a Family Leader
Death and loss in a family are already difficult circumstances to navigate and adding business into the equation only heightens already fragile emotions. Though difficult,
How to Successfully Transition the Family Business to the Next Generation
Did you know that there are around 5.5 million family-owned businesses in the United States? Whether the business is a vegetable farm, a beloved family
The Benefits of Family Business Executive Succession Planning
There are 5.5 million family-owned businesses in the US. For many of these businesses, succession planning can be difficult. They are unsure of how to promote new
The Challenges of Family Business Succession Planning
Many family businesses don’t actually have a succession plan. Look at preparing a family business succession plan to protect your family. If you’d like to learn
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
6 Tips for Effective Business Communication in the Digital Age
In a study of 400 companies with 100,000 employees, it was found that poor communication lead to an average loss of $62.4 million per company
7 Things You Should Know About a Family Business Consulting Group
Running a family business is a hallmark of the American Dream. Doing this lets you work with your family members to create a shared dream
