Implementing a Board of Directors in a Family Business

Having some kind of governing or advisory board for your family business can be extremely useful. A great board of directors provides a unique group of individuals who are focused on what your family business needs to be successful. A board will guide you through risk assessment and major decisions,…

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The Importance of Strategic Planning in Family Businesses

As we all learned in business school, Strategic Planning is an important process in all organizations. Strategic Planning is particularly important in family businesses because it helps create business alignment with family, ownership and leadership around the future of the business. The process helps answer the most important questions in…

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What is the Best Way to Continue the Family Legacy?

Did you know that one of the best things that you can do for your family business is to spend time with your family talking about your business? I don’t mean around the dinner table at night. It’s more than that. Sometimes we can get so focused on building, sustaining,…

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