For over 25 years, we’ve been helping family members in business together achieve sustainability, typically involving the transition of leadership and ownership to the next generation. Most often, it means helping members of the younger generation “take hold” and attain the competencies of leadership, and helping seniors plot a new phase of life, retiring from […]
Steven: I know your previous experience will be invaluable to us, but I can’t work just when I want to. So is it right for you to be able to? Karen: My life is more complex with two young children and a house to run. But with “flex-time” I could still work with you […]
In our work together as consultants to family businesses, we’re frequently called in at the stage when long-standing conflicts between family members have reached the boiling point. Most often, we’re able to iron out even the most seemingly intractable interpersonal business problems, but occasionally by the time we’re consulted, the relationships are so badly fractured […]
It’s easy to assume that job descriptions and well-defined roles and responsibility guarantee clearly autonomous decision making. But that’s not always the case. For a business to be successful, it’s critical that there be clarity on the powers of decision making. When the rules and expectations around decision making aren’t made clear, the consequences can […]
The typical tenure of a CEO in a family business is close to 20 years, three times that of a non-family business. And while many family business CEOs love what they do, have a deep sense of stewardship and are eager to train their successors, there are others who feel trapped. For them, it’s a […]
