Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: family business

Family businesses should support one another, here’s how (access required)

Lesson #1: Nothing is more important than family.  Lesson #2: A family doesn’t need to be perfect – it just needs to be united. Therein lies the challenge. Family businesses and their leaders face tremendous stress.  Not only are they dealing with all the challenges of business, but the family business system inherently intertwines business, ...

Read More »

Developing a succession plan is vital for family businesses 

A recent family business survey conducted by the National Bureau of Economic Research’s Family Business Alliance indicates that only 15% of the family businesses have developed and documented anything appearing to be a succession plan. This is troubling because succession of ownership and leadership is a critical issue for the long-term success of a business.

Read More »