Riding the Shirtsleeves: Deconstructing a foundational family business myth
Advising / Consulting / Issues in the Family Enterprise

Riding the Shirtsleeves: Deconstructing a foundational family business myth

As I prepared a presentation, the chair of the financial services firm cautioned me, “Please, don’t start with the shirtsleeves to shirtsleeves story; we’re sick of it.” But, I thought, everybody starts their talks that way, and with the factoid that very few family businesses survive to the next generation. We want to raise anxiety … Continue reading

Why Clients Really Call
Advising / Consulting / Issues in the Family Enterprise

Why Clients Really Call

Family business stakeholders are smart. They know their business and their family better than any consultant ever will. They may have read many of the foundational books and articles on best practices for family business. Some of these stakeholders go further and take advantage of university-based family business resource centers, join peer groups and participate … Continue reading

Estate and Wealth Planning for Family Enterprises: Reality — not myth — as the proper starting point
Finance / Governance / Wealth Management

Estate and Wealth Planning for Family Enterprises: Reality — not myth — as the proper starting point

The 2015 FFI Global Conference theme of “myths and realities” provides an excellent opportunity to focus attention on how best to advise family enterprises for the long-term success of the family and the enterprise. There are many myths to be found in the family enterprise field. In my experience, the ones that have the greatest … Continue reading

Will the Real ‘Wealth’ Please Stand Up!
Finance / Governance / Wealth Management

Will the Real ‘Wealth’ Please Stand Up!

Wealth. It’s a cornerstone word in the family business vocabulary. But is its use on point? Or are we simply promulgating a gargantuan myth that feeds an entire industry and fuels family business owners’ constant quest for a lasting legacy? As recent offerings in FFI’s publication The Practitioner suggest, the answers to these questions are … Continue reading

Myths and Realities: Past, Present and Future
Advising / Consulting / Family Enterprise / Finance

Myths and Realities: Past, Present and Future

This is the second issue in the April series on “Myths and Realities in Family Enterprise.” Go here for “Should There Be Such a Thing as High Growth Family Firms” by Alan Carsrud and Malin Brännback of Abo Akademi University in Finland. Go here for “Lego: From bankruptcy to “everything is awesome” by Boris Matijas … Continue reading