Family Business Succession – A Simple Getting Started Guide

You’ve spent your life building and running a successful business, and now you’re ready to pass it on. You’ve identified your successor – your precious offspring. Great! Now what? There are many steps between here and your end goal of passing your baby to your babies (the next generation), and a well-executed transition takes several […]

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Decision Making in Your Family Business: A Guide for Owners

Group decision making is a topic that has spawned many academic studies, books, and white papers. It is never easy to get a group of human beings to make a decision together. It’s hard enough for a single individual to make a decision! Add to the mix more people with their cultural differences, values, needs, […]

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Fair Process for Decision Making in Family Businesses

Dear Richard, I have enjoyed reading your blog posts over the years. My parents are in the process of transitioning the ownership and management of our family’s business to my brother, sister, and me. All three of us are in our mid to late thirties and have worked our way up in the business for […]

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“Being Right” is Dead Wrong

My colleague, Andy Bryce, and I were able to spend two days last week working with a wonderful family who are in the middle of a multi-year transition of the family’s business to their very capable rising generation. Today, as we reflected on the progress the family had made together, Andy and I were musing […]

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Being on a Roll, Part 2: Removing the Obstacles to Having an Effortless and Thriving Personal and Family Life

As we discussed previously, if we are going to be “on a roll” in our personal, business, and family lives, focusing on what is going right will generate more of those things that are going well.  Having this focus is like plugging ourselves into an unlimited personal source of power. In contrast, focusing on what’s […]

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