wpadmin

Choosing a successor in a family business is a difficult and sometimes emotional decision. Should it be the eldest kid, who has historically assumed leadership, or the most capable and qualified individual, independent of birth order? This age-old quandary continues to afflict family-owned businesses, and the consequences of making the incorrect option or postponing the …

Eldest or Ablest: Choosing a Successor in a Family Business Read More »

In the archives of family history, there exists a tapestry woven with the threads of tradition, entrepreneurship, and values. This tapestry is none other than the story of a family business. It’s a narrative that often spans generations, transcending time and leaving a profound impact on the family members involved. Yet, in the hustle and …

Story of your Family Business Read More »

Family businesses embody the values of hard work, dedication, and the desire to pass on a legacy to the next generation. However, the question that often arises in the context of family businesses is whether the younger generation is being ‘force-fitted’ into the family enterprise. We explore the concept of force fitting, its implications, and …

Are you forcing the Rising Generation into your Family Business? Read More »

Family companies, frequently founded on shared values and family legacies, confront a complicated web of difficulties and possibilities. How to handle the delicate balance between three major factors—growth, liquidity, and control—is one of the most crucial decisions these firms must make. These factors are interdependent, yet managing them successfully needs an awareness of the inherent …

Balancing Growth, Liquidity, and Control Read More »

Vulnerability is a feature that frequently provokes conflicting emotions in the field of leadership. Vulnerability, which is sometimes misinterpreted as weakness or fragility, is an essential component of real leadership. The idea of vulnerability may appear counterintuitive in a society where leaders are typically viewed as indestructible and uncompromising. A closer investigation indicates, however, that …

Vulnerability: A Quality of Authentic Leader Read More »

Family companies are designed to be passed down through generations. They represent the sense of belonging that comes from working alongside loved ones, as well as continuity and tradition. However, one of the most serious issues confronting family companies is the unwillingness to relinquish ownership. We investigate the reasons why individuals frequently struggle to cede …

The Difficulty of Letting Go Read More »