Helping Family Businesses
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The Importance of Honoring Milestones

A unique strength of family businesses is that they often focus as much on the triumphs and challenges of generations past as their aspirations for generations to come. Many family companies see anniversaries as opportunities to reflect on their history and values. We share how The Family Business Consulting Group commemorated its 25th anniversary in August 2019.

Fun with a Purpose: How Highlights Magazine Celebrated its 60th Anniversary

Highlights partnered with the United States Postal Service to deliver the one-billionth copy of Highlights magazine to a young subscriber in Dallas, Texas. The girl and her family were presented with the one-billionth copy during a special party celebrating the 60th anniversary of Highlights magazine attended by other children from the Dallas area.

Successful Family Directors Are Not Born, They Are Planned and Developed

Even families with well-established professional boards that include capable independent directors, good board processes and value-added meetings will run into challenges around the role of family with the board of directors. Let’s consider some of these issues to highlight the underlying dilemmas and trade-offs that may need to be considered when determining the right path for your own family’s board.

10 Tips and Ideas for a Successful Company Anniversary

We’ve had the honor of interviewing more than 80 executives who embraced the challenges and opportunities that come with leading an anniversary campaign. They have openly shared lessons learned about what worked, what didn’t, and why.

Avoid the Pitfall of Systemic Uncertainty When Making Decisions About Shared Family Assets

Whether the assets consist of an operating business, a portfolio of invested securities, a family foundation, real estate holdings or other shared holdings, this ownership transition, involving a shift from a single controlling owner with a single voice in decision making, to potentially many family owners with many voices in decision making, could introduce a level of systemic uncertainty into the family system.

Risk Management: A Multi-Faceted Challenge

Risk management should be considered part of the strategic planning process, versus a distinct initiative. It is not a separate project. Awareness of what risks you face in your business, and a process for mitigating those risks lead to better-informed decisions and increases the likelihood of realizing your strategic goals.

Barb Dartt Joins FBCG Ownership Group

“It is with great pleasure and much enthusiasm that the owners announce and welcome Barb Dartt as our newest owner and partner,” said Steve McClure, principal owner and chair of The Family Business Consulting Group.

The Family Business Consulting Group Welcomes Tom Emigh

Tom Emigh is a consultant with The Family Business Consulting Group motivated by Mission, Values and Leadership. He is passionate about helping family businesses pursue a successful and compelling mission through developing individuals and owning families to become better at everything they do.

Should We Hold, Sell or Consolidate Ownership of the Family Business? Navigating the Discussion and Decision Process

The long-term vision of multi-generational continuity of the family’s business is a common topic among our client families. Inevitably, the challenging discussion around “Should we hold, sell or consolidate ownership of the family business?” comes up among family members. What defines success is different for every family, but a key ingredient for both business continuity and family harmony is for family shareholders to be aligned in their vision for the family enterprise.

Family Businesses Need Legal Documents that Go Beyond Estate Plans

The best legal advice for any family business owner is always specific to the needs of the individuals and their business. Taking into consideration how the actions of any owner will impact the others. Planning for the continuity of family wealth and an operating business that can continue to generate wealth for generations to come requires more than tax efficiency.

Results: 788 Record(s) Found.

8770 W. Bryn Mawr Ave., Ste 1340W, Chicago, IL 60631
P: 773.604.5005 E: info@thefbcg.com

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Helping Family Businesses Prosper Across Generations®

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Helping Family Businesses
Prosper Across Generations^®