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Results: 769 Record(s) Found.

Mindfulness Brings Calm, Compassion and Creativity to Family Enterprises

By Amy Schuman & Stephanie Brun de Pontet Families in business together need skills in managing both emotional and financial demands. They must remain calm and focused in the face of high stakes situations. They need to let go of baggage from the past while not being overwhelmed by the uncertainty of the future. While some families struggle with these skills, many become masterful in focusing their attention on the demands of the present moment without being distracted by the past and future.​


Getting Non-Operating Shareholders Appropriately Involved

By Steve McClure Over time and generations, a family business usually encounters increasing obstacles to shareholder unity. As the family grows, members will become geographically dispersed and some may never set foot on the premises. Greater numbers in each generation means share ownership dilution and typically an associated decreased economic interest for each shareholder. They are generations removed from the founder and may not have had direct interaction with their entrepreneurial...​


Governance Beats Avoidance for Long-Term Family Business Harmony

By Otis Baskin Most successful business-owning families have a common fear: "How do we keep the next generation from fighting over the business?" This fear is well founded, as the survival rate for family businesses from founding generation to second generation and beyond is low. Further, most of us know tragic stories of ruined family relationships and lost fortunes because a group of siblings or cousins - who were to be the beneficiaries of a wonderful blessing - could not get along...


Don't Think of it as 'Succession Planning...'

By Kelly LeCouvie & Jennifer Pendergast Succession planning is an important process for any business, and particularly for family owned businesses. While family businesses often outperform nonfamily businesses, their succession planning can be more complicated due to the family dynamics that may overlay both ownership and leadership transitions. Jennifer Pendergast and Kelly LeCouvie share their wisdom from years of experience guiding families to successful generational transitions in...


Achieving Balance: Individual Rights and Family Interests

By Amy Schuman and David Lansky. Living in a civil society requires some sacrifice of individual freedom. In fact, much of the debate between U.S. political parties, which has become even more polarized in recent years, deals with the extent to which the state (society) should be involved with (interfere with) individual choice. In our consulting engagements with families in business together we have also often observed this dynamic at work.


Filling a Board Vacancy: Using Gap Analysis to Capture Opportunities

By Steve McClure Whether you have an advisory board with a few independents, a predominantly family board or a professional board with a majority of independent directors, a vacancy on an active board creates an opportunity to bring in needed knowledge or new ideas, with a few key constraints. In contrast to family firms that are establishing their first board or reconfiguring their entire board, when replacing one director that individual must be the right fit with all other family and...


Should I Leave the Family Business? To Go or Not to Go

By Stephanie Brun de Pontet and Chris Eckrich If you're considering leaving the family business, make sure it's for the right reasons. Thoughts on critical questions to ask yourself to see if leaving the family business is the right decision for you. By Stephanie Brun de Pontet and Chris Eckrich.​


The Status Effect: How Ego Plays Out in Family Firms

We find that helping families better understand the sources of tension in both their family and work systems can give them more choices to better manage those tensions.


Building A Healthy Team

Turning any group of people into a team is a tough assignment. Forging two or more siblings into a team, especially if they didn''t have team-building experiences growing up, is even tougher. The emotional issues we talked about earlier frequently get in the way--all the more reason to be aware of and understand these issues so that any negative impacts can be minimized or prevented altogether.


The Leverage of Kindness

Blanche DuBois depended on “the kindness of strangers” in Tennessee Williams’ A Streetcar Named Desire. It is a curious behavioral attribute that most of us possess; we are indeed kind to strangers. It doesn’t seem to take much effort and it makes us feel good.

Results: 769 Record(s) Found.

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