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.
The article, “Ready to Mentor a Senior Colleague? A Roadmap for Reverse Mentoring” discusses what reverse mentoring is as well as the pros and cons of mentoring colleagues in senior leadership roles.
The article, “Thriving or Trapped in the Family Business,” by Michael Klein suggests that the best thing family businesses can do for family members working in the business is to ensure individual growth and satisfaction is nurtured daily.
The article, “The Paradox of Choice: Wealth’s Impact on Family Potential,” by Doug Baumoel provides critical insights and tips to navigate children growing up with generational opportunity or the paradox of choice.
Recent surveys have unveiled a resounding consensus among family business leaders: the imperative to explore untapped territories ranks among the top priorities for strategic evolution.
The article, “Understanding What Success Means in Family Firms,” originally published on FFI Practitioner, describes how the author defines and measures success in family firms. Chris Casey also explains why he feels gap analysis can be a useful tool for family firm advisors.
The decision to sell a business can be difficult, especially when it’s a family business. How does a family business leader determine when it’s time to sell the family business and how can he or she best ensure a successful sale?