Family businesses have enormous challenges. However, in my opinion, the media and business culture paint a picture of a one-way street of instruction and strategy from non-family business strategy…Continue
Started Jun 18, 2010
Grant D Goodvin has not received any gifts yet
I spoke at the American Association of Christian Counselors on the subject of "Fair and Equal"
Documenting the values of a family is an important step in helping to build family legacy. I use the word 'documenting' because most families do not take the time to write down what is fundamentally important to the family. Our family faced the same inclination to avoid the hard work of putting into words the values that were the bases of our decisions.…Continue
Posted on August 18, 2016 at 4:13pm
One of the challenges facing the senior generation (generally the parents) for families in business is how to be fair to younger generations (generally the children and their spouses) in distribution of the estate. Families in business typically own various assets, ranging from highly liquid personal accounts to real estate and family business stock. The equal division of personal accounts can generally be accomplished without dissension in the family. However, even an equal distribution…Continue
Posted on June 16, 2014 at 2:40pm
Family organizations exist with noise. Unfortunately, there is an inbred thought pattern that the noise can be controlled by strict adherence to exclusive business strategy. What is not examined is the comparison of noise between families in business/wealth transition to non-family organizations. My perspective from experience within family businesses is the noise derives from relationships which includes transactions. Non-family noise tends towards exclusive transaction encounters that…Continue
Posted on December 3, 2010 at 2:00pm
Do you know anyone who has told others he/she is greedy? Generally, the adjective greedy is reserved for those who are subsequently convicted of a felony or for front page stories concerning corporate America and government.
In the areas of power and wealth, all of us prefer to be known as generous rather than greedy. Many people will classify themselves as generous, but no one volunteers that he/she is greedy except for Gordon Gekko of Wall Street cinema fame. Therein resides…Continue
Posted on October 27, 2010 at 1:59pm