Historically, professional advisors primarily focused on business-related matters, often overlooking the unique challenges and intricacies associated with managing a family-owned business. However, there is a noticeable shift toward seeking advice on non-business, yet equally important, aspects of family business.
Family-owned and privately held businesses increasingly rely on their banking partner to bolster their resilience and strategize for the long term amidst uncertainty. Businesses need their banking partner to serve as a crucial ally in navigating complex challenges and achieving sustainable growth. This shift has led businesses to seek deeper partnerships with their banks, requiring a comprehensive perspective and service model.
Private ownership allows privately held businesses to cultivate a long-term vision, invest in sustainable growth, build up reserves, attract top talent, and build lasting partnerships; ultimately, creating a competitive edge that sets them apart. Learn more.
Historically, professional advisors primarily focused on business-related matters, often overlooking the unique challenges and intricacies associated with managing a family-owned business. However, there is a noticeable shift toward seeking advice on non-business, yet equally important, aspects of family business.
A recent national study was conducted by MacKenzie and Next Gen Collaborative to understand how family businesses are viewed today. The findings revealed key perception gaps that could be affecting brand reputations, workforce attraction, and overall competitiveness.
The article, “Get On Board,” written by Dr. Stacy Feiner, Growth Strategist and Performance Psychologist, and originally published on Forbes Magazine, discusses how owners of closely-held businesses will often dismiss the idea of creating a board of directors.
A new administration in office typically comes with changes that can impact both you and your business. Watch the webinar on demand to hear from two leading economists about what to expect in the year, and years, ahead.