Family Member Not Working in the Family Business? You Still Have a Valuable Role

There are valuable roles for family members who are not owners or working directly in the family business. You can feel included in your family legacy even when you are not directly involved in the day-to-day operations. In a previous blog post, Defining & Creating Ownership Groups in Family Businesses,…

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Human Resources for Family Businesses: Do You Have to Choose between Family & Business?

Managing human resources is always a delicate balance between doing what is best for the company and giving people the resources and attention they need to thrive. When family is part of the equation, Human Resources becomes even more challenging because there are so many nuances. Family relationship dynamics, differing…

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Defining & Creating Ownership Groups in Family Businesses

Individual roles in family businesses are as complex as family relationships themselves. Individual family members can have many different roles, and it can be very confusing to delineate what role is relevant in a given circumstance. The Three-Circle Model1 is a helpful tool to understand these roles better. This diagram was…

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4 Causes of Conflict in Family Businesses and How to Begin to Resolve It

When conflict is allowed to take root and fester in a family business it can tear the family, and even the business, apart. Relationships can be severely damaged or destroyed. It affects all the employees at the business, as toxicity and negativity spreads, destroying morale and teamwork. Ultimately, left unresolved,…

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Succession Planning – How to Begin the Conversation

Building a family business is a major accomplishment, and takes an enormous amount of vision, passion, and determination. Maintaining and protecting your business for the future is a critical component to the business’ long-term success. What we are talking about here is succession planning – the process of identifying and…

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