January 2021 Newsletter – Valuing Non-family Employees in Your Family Business

January 2021 Newsletter – Valuing Non-family Employees in Your Family Business

In January 2021 we have been discussing five challenges of family businesses. Most dialogue about family business challenges centers around the needs of the family members. Non-family employees hold essential roles within most companies, however. If they are not valued, consulted, and compensated fairly, they will leave for other opportunities, and the company will suffer the loss of their intellectual capital and experience.

5 Family Business Challenges

5 Family Business Challenges

Millions of Americans have a dream to one day own a business. They also have a soft spot for family owned businesses. Approximately 20% of U.S. small businesses are family owned. We visualize this entrepreneurship as what built this country and made it successful. As...

December 2020 Newsletter – Training Successors for their Future Roles in Your Company

December 2020 Newsletter – Training Successors for their Future Roles in Your Company

In December 2020 we have explored the topic of succession planning and training the next generation for their future in the business. While many people associate succession planning with preparing family members for their future leadership roles, it also includes other roles within the company. Proactive CEOs will attract and prepare their workforce to fill all key roles in the organization from top to bottom so the company is anti-fragile and ready for any eventuality.