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, “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?
It’s not always easy working in a family business as a family member—but working for that family business as an in-law can be a whole other challenge. BanyanGlobal’s Josh Baron and Rob Lachenauer describe the best way to work together effectively and successfully.