Tag: Family Business Consulting

AI Adoption in Family Business: Balancing Trust and Tech

Using AI can be risky in settings where confidentiality is key, but it can be indispensable in developing innovative services that clients expect. Here's how to harness it safely. Artificial Read more

Business Families Must Get Real About Growth and Payouts

Sometimes the family grows much faster than the business, especially in saturated markets. This has deep implications for how we manage family and business expectations. When we talk to Read more

The Psychology of Effective Exit Planning: A Guide for Families and Advisors

Family firms can help the next generation move forward by understanding and supporting the emotional aspects of the exit for the current leader. Business advisors widely agree that the biggest Read more

The HERO Model: How Family Enterprise Leaders Can Accelerate Change

Hope, Efficacy, Resilience and Optimism can make us better people and better leaders. Here's how to cultivate it within ourselves. All leaders and advisors struggle with organizational change. How Read more

Family Firms Must Address Mental Health Challenges

Anxiety, depression, and other conditions disrupt business operations and strain relationships. Ignoring them won’t make them go away. In the world of family businesses, success often comes with a Read more

With Women Directors, Strategy Disclosure Decreases Cost of Capital at Family Businesses

The decision to disclose strategy information is critical, as it reveals managerial actions, providing financial stakeholders with the information required to assess the firm’s competitive Read more

How Founders Can Stay Relevant When the Next Gen Takes Over

When it's time for a family business to have a new generation of leadership, it's often difficult for the first-generation founder let go. Founders, justifiably proud of the businesses they have Read more

Family Business Stories Build a Legacy For the Next Generation

A great story, skillfully told, can shape attitudes and spur commitment and action. This is especially true at family businesses, where the stories and values of the family and business intertwine. Read more

Attitudes Towards Money Can Cloud Family Business Decisions

In our work with business families, we encounter a wide range of approaches for establishing financial targets and making financial business decisions. Interestingly, such practices often diverge Read more

Family Firms May Need More Legal Advice Than They Think

Families are often reluctant to anticipate and plan for the day when an unexpected transition might upend their business. The costs of inaction are high. EDITOR'S NOTE: This article was produced in Read more