Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

September 2010 Blog Posts (14)

Assisting the Next Generation: For Family Business Owners and Wealthy Families

Accumulating wealth and happiness across generations for family business owners can be a real challenge, particularly if the family is growing in size and has varied interests. Focusing on the success of the family business, investment returns, and estate planning and tax matters is not enough. It is also important to make a special…

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Added by Warner K. Babcock on September 29, 2010 at 5:00pm — No Comments

Mentoring Next Generation and Developing Future Leaders



In most family businesses, succession to the next generation is the goal; however, it can be one of the most difficult challenges facing current ownership and a key reason that so few family businesses make it to the 2nd or 3rd generation.…

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Added by Scott Heintzelman on September 29, 2010 at 3:30pm — No Comments

Family conflict and “human nature”

by Kenneth Kaye, Ph.D.



Human societies, enterprises, and families depend, for their survival, on members sharing learned expectations about how to behave in support of the common good. We depend upon other Homo sapiens choosing to co-operate with us—yet we know their potential for behaving otherwise.



In no other species is individual development so much a matter of… Continue

Added by Kenneth Kaye on September 29, 2010 at 12:00pm — No Comments

¿Rechazo a la herencia?

“Durante años, también, doña Ana fue para mí una puerta-trampa en los bajos de la memoria. Una puerta parecida a una grieta por donde pasa el viento glacial de la negación. Canta ese viento sus himnos oscuros en la cara oculta de mis pesadillas y dice no acepto, dice lo que me diste lo devuelvo, lo que recibí no lo quiero”.…

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Added by Alicia Graciela Stivelberg on September 27, 2010 at 7:02pm — 1 Comment

Rejection to inheritance?

“For years, too, Mrs. Ana was a door-trap in the low part of memory. A door, similar to a crack through which the icy wind of denial passes. Sings that wind its dark odes, in the hidden side of my nightmares and says I refuse, says what you gave to me I give back, what I´ve got I don´t…

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Added by Alicia Graciela Stivelberg on September 27, 2010 at 6:38pm — No Comments

The Rescue Syndrome

I doubt there will be any disagreement that parenting is a challenge. Surely anyone who has been privileged with offspring will agree. As a succession planner who is uniquely positioned within many families who are collaborating in business, I can affirm that bringing children into a family business greatly elevates the challenge of parenting. Family business is an oxymoron because family is an institution of unconditional acceptance whereas business is a institution of conditional…

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Added by Loyd Rawls on September 27, 2010 at 11:30am — No Comments

Helping Children to Learn About the Family Business

Children across the country have started back to school. They'll be learning reading, writing, and arithmetic. But what will they be learning about the family business? When my father offered me a job in his business, I had learned enough to know that I didn't want the job he was offering me! However, I had also learned enough to play a vital role as an owner of the business after my father died. So what kind of curriculum can you design for your children so they can make more informed…

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Added by Karen Vinton on September 27, 2010 at 10:53am — 1 Comment

Family member vs. candidate for a new position

The life of every company out there requires new employees when a position opens. In a family owned business, families hope to continue their business within the family by either hiring or passing the business onto next generation. In a case of hiring a family member, the owner must be accountable for the decisions made. A family member entering the company may not move up the ladder immediately, with an exception of prior experience and education necessary for the upper position. Each…

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Added by Agata Smolak on September 23, 2010 at 11:04pm — No Comments

How Comfy Need You Be?

Posted by Ira on August 24, 2010

Figures lie, and liars figure; and researchers are often as bad as the rest of us in figuring out what factors are causal and what’s coincidental. So when I hear factoids like 68% of people hate their job,

and 70% of people often feel fraudulent at work, I don’t quite know

what to make of it, but must conclude that’s a big overlap, and maybe

people hate…

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Added by Ira Bryck on September 22, 2010 at 5:00am — No Comments

Back to School: Helping Your Children Learn about the Family Business

Children across the country have started back to school. They’ll be learning reading, writing, and arithmetic. But what will they be learning about the family business? When my father offered me a job in his business, I had learned enough to know that I didn’t want the job he was offering me! However, I had also learned enough to play a vital role as an owner of the business after my father…

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Added by Karen Vinton on September 21, 2010 at 3:00pm — No Comments

Approach your Family Office just as you do your Family Business

Many families who wish to sell or have already sold their family business, think that letting go of the business will simplify their lives and relieve them of all the burdens of operating a company. In reality, selling a business and managing new liquid wealth presents a wide range of issues, each requiring specialized business acumen, skill and planning in order to…

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Added by Allison Taff on September 1, 2010 at 4:37pm — No Comments

Introduction to October Newsletter: The Complexity of the Sustainable Family Enterprise

The old image of the family business as a two-generation, mostly male team working in a profitable business and then going home to their individual family, is only the tip of the iceberg of the real story. The family enterprise, as we have begun to call it, may contain several businesses, or a family foundation, or a family office that invests and takes care of the financial needs of several generations of a family. As generations evolve, if the family’s enterprise continues to grow, the…

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Added by Dennis Jaffe on September 1, 2010 at 11:30am — No Comments

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