The Partnership No One Knew They Were In
As a Mediator and a Family Business Expert, it is always fascinating to explain to people why there is such an overlap in these two fields. Let’s think about it, Conflict and Family Business…there may be some who will instantly see how these two areas mesh together. For others, you have to believe me when I […]
Fair is Not Always Equal and Equal is Not Always Fair
Many of you have heard me make this statement. Fair is not always equal and equal is not always fair! What does it really mean in the world of Family Business? Why does it apply and how do we as parents accept this to be true? As parents we always work hard to maintain […]
What About Children Who Are Not in the Family Business?
In many families, not all the children make a choice to join the family business. It is important that we understand some of the reasons why they don’t. There are several which I can quickly list including but not limited to the following: they weren’t encouraged to join, they were not invited in (for many reasons that warrants an article on its own), they don’t like the family business, they may not get along with their siblings and recognize even greater conflict ahead by joining them in the business, they may not have any applicable skill set to bring to the table, and my favorite one they have found their own passion outside of the family business. I Want To Do My Own Thing Let’s focus on those that have a chosen profession or career that does not involve the family business. Looking at transition and succession planning from their view is quite […]