Tag: Successful family businesses

New Ways Business Owners Can Use Boards

While boards of directors are common at large firms and nonprofits, family businesses don't always see their value or understand how to use them well. However, according to consultant and author Read more

How to Fix Succession Conflicts Stemming From Complicated Families

Part 2 of a two-part series. Read part 1 here . Family business succession planning is a difficult process – and it is even more challenging in cases where divorce and adoption complicate family Read more

Advice for Family Business Successors: Be Humble and Curious

David Bentall found out the hard way that his leadership of his family's construction and real estate firm wasn't working: his own uncle removed him from the company. Losing his job was a wake-up Read more

Developing Your Business Family Strategy: Where to Start and What to Consider

Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and Read more

'CHAOS' Brings Order to Family Businesses

Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the Read more

It’s Complicated: Managing Succession in Cases of Divorce and Adoption

Part 1 of 2 -- Family business succession planning clearly is among a family business’s most challenging events and plenty of experts have weighed in on how to do it right. However, most of their Read more

How Three Women Upheld Family Values and Thrived Despite Adversity

Family businesses are unique because the family values held by their founders shape the very fabric of the business. It goes without saying that finding ways to instill those values into the business Read more

Your Family Needs An Emergency Succession Plan

As we all know, successions and family business succession planning are rarely easy, but unexpected transitions pose a significant risk to family businesses. When Herbert Fisk Johnson, Sr., the Read more

Strategies for Keeping Your Family Connected

In her second interview with Familybusiness.org, Mitzi Perdue shares strategies from her book entitled How to Keep Your Family Connected. This workbook, which complements her book How to Make Your Read more

Family Business Experts: How to Survive the Holidays

While the holidays are supposed to bring magic and joy to people’s lives, they are also an immense source of family business conflict, anxiety, and stress. Family can be the root cause of this Read more