Family and business don’t mix together, or do they?
In today’s blog, we’ll focus on setting three simple boundaries in order to protect both the family as well as the business from interfering with each other’s purpose and objectives.
What Is a Family Council and Why Your Business Should Have One
If you’ve been a part of a family business, even for a little while, you know that unexpected things happen. Plans get changed or derailed. Disagreements arise. Founding family members, being so used to running the business on their own and calling all the shots, get side tracked in pursuit of opportunities that no one else is aware of.
Long Term Success Requires Common Goals and Shared Values Among Family Business Owners
Should Family Members Work for Family Business? Answering Two Critical Questions
Are Values Overrated?
If you’ve ever attended a leadership seminar or a team development workshop, values were most likely discussed as key component of building an effective organization.
Most businesses spend hours or even days strategizing over values, posting them all over the office and laminating value cards for all the employees. But are values, in and of themselves, all they are cracked up to be?
3 Key Components for a Successful Family Business Succession Plan
Is Business Success Really that Important?
Business, in its various forms, has been an essential part of societies since the beginning of mankind.
Today, over 50% of U.S. GDP is generated by family businesses. Some data suggests that it’s even as high as 64%.