“Fit” and Family-Owned Business
Issues in the Family Enterprise

“Fit” and Family-Owned Business

Thanks to today’s author, Bruce Walton, for his blog on a topic not often covered in The Practitioner — recruiting non-family senior executives, primarily at the CEO or COO level. From the practical perspective of an executive recruiter, Bruce offers some suggestions to practitioners who are preparing their clients to be successful users of executive … Continue reading

Fownergement
Family Business / Issues in the Family Enterprise

Fownergement

Thanks to Luke Simmering of the Legasus Group for this slightly tongue-in-cheek addition to the family enterprise consulting lexicon! See below for an introduction, explanation and some suggestions on how to use “fownergement” in your conversations with clients serving various roles across generations. Fownergement The complexity of family-owned businesses has been examined, dissected, and discussed … Continue reading

Prenuptial Agreements – Uncomfortable and Necessary
Issues in the Family Enterprise / Latest Thinking in the Field / Law / Wealth Management / Women in Family Business

Prenuptial Agreements – Uncomfortable and Necessary

You can find issues more uncomfortable than prenuptial agreements. But not many. For starters, people view prenups from amazingly different points of view. One of my granddaughter’s professors told her that asking anyone for a prenup was demeaning and exploitive and showed such a lack of trust that even asking would be grounds for breaking … Continue reading

How Are Family Businesses Having a Positive Impact on Society?
Issues in the Family Enterprise / Latest Thinking in the Field / NextGen

How Are Family Businesses Having a Positive Impact on Society?

Please enjoy this week’s blog on “How Are Family Businesses Having a Positive Impact on Society?” by Peter Englisch of the EY Global Family Business Center of Excellence. This blog is based on a longer study entitled Family Business Philanthropy: Creating lasting impact through values and legacy, visit ey.com/familybusiness for more information. How Are Family … Continue reading

Building Entrepreneurs Across Generations Requires Influence
Advising / Entrepreneurs / Issues in the Family Enterprise

Building Entrepreneurs Across Generations Requires Influence

Thanks to Allan Cohen of Babson College and Pramodita Sharma of the University of Vermont and the editor of FBR, for their thoughtful article, “Building Entrepreneurs Across Generations Requires Influence,” on the relationship between influence and entrepreneurship from a generational perspective. Building Entrepreneurs Across Generations Requires Influence When Allan R. Cohen and David L. Bradford … Continue reading

The Driving Force of Family Businesses
Advising / Issues in the Family Enterprise

The Driving Force of Family Businesses

Thanks to this week’s blogger, Luke Simmering, for his focus on the “driving force” in family business. There are many elements in a company’s strategic plan, but the “driving force” may frequently be overlooked. See below for Luke’s thoughts on how to pursue this aspect of the strategic planning process with your clients. The Driving … Continue reading

Resilience: An essential approach to the boundaries among family, business, and ownership for the sustainability of the system
Case Studies / Issues in the Family Enterprise

Resilience: An essential approach to the boundaries among family, business, and ownership for the sustainability of the system

Thanks to Patricia Annino of Prince Lobel Tye, LLP and James Rappaport of the New Boston Fund, Inc. for this week’s article on boundaries and how they might snap — or not. Resilience: An essential approach to the boundaries among family, business, and ownership for the sustainability of the system In every family business, the … Continue reading