balancing tradition & innovation in family usinesses

balancing tradition & innovation in family usinesses

To grow, thrive, and survive for many generations, family businesses must strike a delicate balance between tradition and innovation. The business was originally built on the founders’ values, vision, and mission, but to keep evolving and surviving, you need to...
ah, New Year’s resolutions – a love-hate relationship

ah, New Year’s resolutions – a love-hate relationship

Ah, New Year’s resolutions – a love-hate relationship for many. We’ve all set them at some point, only to fall short soon after. According to a Forbes study, a staggering 23% abandon their resolutions by the end of the first week, 88% by the end of the second week,...
holiday dinner table vs boardroom table

holiday dinner table vs boardroom table

‘Tis the season to be jolly, Fa-la-la-la-la, la-la-la-la’, or is it? When you combine a family with a family business, the holidays can sometimes be less than Jolly. The lines between family and business life can be blurry in a family business making it less than...
squabbles

squabbles

Can you keep the Peace and Avoid Inheritance Squabbles in a Family Business? Or do Inheritances and Family Squabbling go hand in hand? Squabbles and family businesses, my favorite topics. This is where the lines between a “family dinner” and a “board...
family business vs entrepreneurial business

family business vs entrepreneurial business

I get asked frequently what is the difference between a family business and a entrepreneurial business, that is in the 1st generation. In my experience, the key difference between a family business and an entrepreneurial business is how the business was founded....