Ellen (daughter): I’m convinced the economy is starting to rebound, Dad. All the economic indicators seem to be pointing in the right direction. Charlie (son): I agree. Housing starts and sales are up and mortgage rates are even rising a bit. If we don’t open a new location now, then when? Henry (father): Whoa! […]
There’s a great saying; “The family that plays together, stays together.” We believe that family members spending time together helps create those integral intergenerational bonds and furthers the right type of communication. A structure for family meetings and communication fosters stewardship. It allows the upcoming generation to learn about the history of the business, […]
When we ask family members in business together what they do, the response is frequently a rather glib, “Whatever needs to be done.” That’s what entrepreneurs do when they start a business. But as the business grows and matures, especially through multiple generations, clarity and agreement around who does what and who reports to whom […]
