Three Steps from Family Business to Family Enterprise
If you are 2-3 years out from the sale of a family business, autumn leaves hold a lesson for you. Take a “Color Tour” It’s mid-October, and we’re in peak season for color tours. I don’t remember hearing that term while growing up in Illinois. But I heard it soon after moving to Saginaw for […]
Adolescent Engagement with the Family Enterprise
Foster – don’t force – engagement There are many rewards and satisfactions of being successful in family business. But when an adolescent or young adult in a business-owning family is struggling, their parents are often deeply troubled about it. Since launching Family Business Facilitators we’ve become acquainted with several families in this very situation. […]
When Family Meetings Are Scary
It’s October, and Halloween is approaching like midnight footsteps in the hall. This post stirs a bubbling cauldron of family business fears, worries, and anxiety. Rising with the reeking vapors from the foul potion comes – oh no! The Family Meeting. By “family meeting,” we refer to anything from a half-day gathering to multiday family […]
Is a “Family of Affinity” Right for You?
Consider how you and your heirs will steward family wealth The leaves are turning, and stores are decorated with colorful displays promoting Trick or Treating. Many costumed goblins and princesses this Halloween will receive candy made by one of America’s most successful family businesses: Mars. The five generations of the Mars candy empire exemplify what’s […]
Clear Values, Strong Alignment
Aligning values and operations honors employees and improves business results Family businesses have a secret weapon that public companies can’t replicate: authentic values alignment. Yet most family enterprises leave this competitive advantage on the table, missing opportunities to fully engage employees and improve business results. Integrity Improves Employee Engagement and Retention When they are functioning […]
Three Family Business PAIN POINTS We Address
Relieving Suffering in the Family Business Behind the polished facades of successful family businesses lies a hidden reality: profound suffering that money cannot solve. To the uninitiated, it may seem ludicrous to speak of suffering in the family business. Because from the outside looking in, business families can seem like models of success, fulfillment, and […]
Family Businesses Thrive by Managing Polarities
Growth and strength result from a balanced pursuit of paradoxical aims ‘Frustrating, Complicated, and Apparently Impossible’ Leading a family business is no easy feat. The challenges can often feel insurmountable. As an experienced family business consultant recently remarked, clients’ situations are “tales of human beings entangled in frustrating, complicated, and apparently impossible dilemmas with many […]
Beyond Intuition: Using Data-Driven Assessments to Strengthen Family Businesses
How Premier Growth’s assessment tools provide the clarity family enterprises need to thrive across generations Every family business owner has felt it – that nagging sense that something isn’t quite right in the family dynamic, or conversely, the confidence that things are going well but uncertainty about what specific strengths to build upon. Too often, […]
Skills Advisors Need Now
Families stewarding wealth in all its forms across generations need advisors with a broader set of skills than in the past.
The Perfect Gift
In philanthropy, what matters most is not the money but the thought behind HOW the money is given.