The Importance of Family Values in the Business

Studies have shown that family businesses are more resilient than non-family businesses. The reason for this is that family businesses are better able to take a long-term perspective and focus on the benefits and legacy for future generations. However, the most important factor in this longevity is core family values. Core family values, similar to […]

Transitions in the Family: Succession Planning

Transitioning your family business from one generation to another can be a very complex task that may cause tension and uncertainty in the family dynamic. Some individuals may fear this strain on the family and delay succession planning. However, all businesses will eventually transition to new leaders. Waiting to plan the future could be detrimental […]

Bullying in the Family Business

 It is not surprising bullying is alive and well in family business(es).  G1s created a thriving business through hard work, sweat equity, and a little luck.  Should they not call the shots, demand respect, and expect G2s to buck-up and toe the line?  G2s join the business with childhood jealousies, parental comparisons, and past wounds buried deep in […]