While young people are not the only ones who have difficulty being heard in a family business, they are often dismissed more readily simply because of their age. Younger siblings and newcomers to the family business are frequently perceived by other siblings and parents as “the kid,” and, accordingly, are heard less. The knowledge that […]
Father: Rick, I thought this project was going to be completed yesterday. Son: Well, Dad, I tried to, but there were just so many things going on. Father: I understand there are lots of things going on, but you’ve got to get this done. Son: I’m sure I’ll be able to […]
Daughter: Mom, you’re not hearing me! Mom: Julie, it’s just that you’ve been part of this business for so many years. And though your dad’s health has been improving, he may never fully recover. I’m not getting any younger either and it’s awfully hard to muster up the energy we need in this economy. How […]
What is a family council, and does your family business need one? A family council is a very different animal than a Board of Directors, or even the less-formal advisory board. A family council fills an essential role in the family enterprise by providing you the opportunity to share and reaffirm your family and corporate […]
