Partners in family and other closely-held enterprises often operate within silos. That is, one might manage sales, another might manage operations, and another may manage finance. They may make an effective team, overseeing all aspects of the enterprise, but with too much focus and energy within their silos, they can also set themselves up for […]
With the third installment of our Video Blog Friday’s Series, Paul Karofsky reflects on influential lessons learned from his career working with family businesses. Each Friday, we will provide a new story with a unique topic – so stay tuned!
I have an old friend I used to tease. He had a major stake in his family’s international enterprise and when we talked about planning for the succession of leadership and ownership, he used to tell me that the kids would figure it out on the way home from his funeral. I told him that […]
With the second installment of our Video Blog Friday’s Series, Paul Karofsky reflects on influential lessons learned from his career working with family businesses. Each Friday, we will provide a new story with a unique topic – so stay tuned! We hope you enjoy the second article in our series, When You’ve Been Asked to Join the Family Business, where Karofsky outlines the challenges and opportunities associated with bringing in the “next generation” to the family business.
Sure, it’s 2013 and we’re focused on looking forward — on planning and setting goals for the New Year. But let’s take time out for just a few minutes and look back at 2012. Is there something you wish you accomplished last year but didn’t? What is it that you wish you might have done […]