Usually the most prized thing that we as established practitioners lose is our creativity. Once a niche is carved and sustained over decades of hard work, inevitably, at some point in time, complacency sets in.
I think advisors recognize that business owners have an added level of complexity in their lives — this holds true for wealth-holding families as well. This complexity is just a natural part of the system.
Thanks to Paul Karofsky and Kirby Rosplock for this interview on managing change in your family business practice.
Since the theme of The Practitioner this month is one of transformation, I would like to share the lessons learned from my transformation from family business owner to doctoral student to professional consultant.
This podcast includes Fredda’s comments on how FFI has changed in 30 years and comments from both Fredda and Carolyn on a model they use in their consulting engagements that mirrors the message they want to send to clients.
Possibly the most important lesson I have learned from many years as a business lawyer is that Tarzan was right — “Jane, it is a jungle out there.”
If it’s true that family businesses are influenced by a variety of myths, how does this impact our ability to ensure that our clients can thrive in a competitive global landscape?
Can a theory from the field of psychology help build our understanding of family business leaders’ decision making and, in particular, in their choice of advisors?
Twelve people hungry for change are gathered in a room, even though they have strong reservations that anything can change.
Too often, consultants to family enterprise take the same approach used when serving the C-suite of a Fortune 500 firm.
An audio interview with Drew Mendoza, managing principal of The Family Business Consulting Group.
In any family enterprise, the founders or senior members may doubt their decisions or the family may question their intentions.