Mom and dad won't talk
If I were having a conversation with the next generation member, a question I would want to ask is this: What did you and your parents agree to when you took the job?
Getting started with family governance
Family governance is a process or structure to educate and facilitate communication between family members.
15 lessons family councils wish they knew before they started
Whether you are just starting a Family Council or have had one for years, much can be gained by considering the lessons others have learned in making their Family Councils work.
Most small-business owners aren't planning ahead
Some avoid succession planning because they don't ever expect to fully retire or, like many people, haven't come to terms with their own mortality.
The next generation of wealth planning
As family dynamics change, the wealth planning paradigm is likely to shift.
Business in the blood
The "Lucky Sperm Club", as Warren Buffett likes to call it, is still going strong in the commanding heights of business.
Beyond 'cohesion': Why terminology must evolve through the generations
The word "cohesion' has become a hot term in the family enterprise field.
5 reasons why you're not creating an exit plan for your business
When your retire, what do you want to do with your business?
Are Canadian farmers ready for the succession challenge?
The number one reason for lack of progress in farm succession planning is that farmers' fear of losing their identity.
The most valuable thing you can do with your time
Selling your business is a process, not an event.
Family business leadership: The importance of versatility
A family business leader who is truly versatile is able to be strategic and operational; forceful and enabling.
Who makes the decisions?
An ancient proverb decrees: if you wish to know what a man is, place him in authority.
I've got forty years in harness; how do I exit my family business?
More and more, smart family business leaders are keeping their options open when it comes to transitioning their companies into a new generation of leadership.
The circle of life works in family business
"It took me six months to figure out why I was so happy"
Developing next generation leadership
Effective leadership of a family business encompasses much more than making business decisions.
Crossing the line of confidence
Enabling effective governance requires not only a qualified driver, but also a well-equipped communication vehicle.
Simplify the process
It's not difficult to understand why business owners hesitate to start planning the transition of their business.