Blog

It is remarkable fact that many family businesses do not have boards, and that many companies (both privately and publicly owned) that have boards often find them to be quite ineffective. Why do these realities occur? Should owners of family companies invest time and...

In our last article we visited the Alvarez family.  In this sad case the parents had left the shares of the business in unequal amounts to the four surviving children.  There was substantial conflict between the two boys who worked in the business.  The two children...

Identifying Generational Wealth Value.In our last article we wrote about a family grappling with the issues of wealth.  The older generation (three brothers in their 70’s) had stated that they felt that the next generation did not understand the purpose of money. ...

A Generational Values Question for Families in Business. At a recent Family Council Meeting the question arose as to what to do with the family fortune.  The question raised quite a commotion.  The first generation (three brothers each in their 70’s) quickly and...

What matters the most in a family company?  Is it financial indicators such as  return on investment, profit, sales and capacity growth?  Is it harmonious family relations?  Does the business contribute to the well-being of the family perhaps not only financially but...

Revolutionary or Evolutionary Change: A Question for the Family Business How well does your family business embrace change? What are the fundamental kinds of change? What will happen to the family and the business if significant changes such as in culture and...