With each 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 fifth feature in our series, When Dad Isn’t Ready to Let Go, where Karofsky illustrates the importance of starting a conversation and promoting open dialog around succession planning for family businesses.

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Of all the concerns we hear about from business families, none can trump “communication.”  Despite the fact that we have two ears and only one mouth, all too many people believe communication is a one way activity.  With clients and customers, we believe we need to tell them what we have to offer and what […]

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With each 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!

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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 […]

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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!

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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 […]

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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.

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It’s a key question facing many family businesses as they wrestle with ownership and leadership: when do family members run family-owned companies best, and when should they have an outside executive run the business? The seemingly difficult decision facing family business leaders is whether or not to keep leadership in the family, or to seek […]

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Hosting an audience of over 50 attendees, The Peer Alliance’s Paul and David Karofsky sat down with Maureen and Doug Woodman to discuss their experience running a legacy family business.   David Karofsky kicked off the event by introducing The Peer Alliance and our partners in the By Family Business – For Family Business Event […]

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