Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

Andrew D. Keyt's Blog (2)

Communication is the Key

The stories that are most often told about family businesses are about the fights and conflicts. When people are faced with the question of would they want to work with their family members, you often hear the response, “ I could never work with my family, we’d kill each other.” These stereotypes about family businesses obscure the vital role that family businesses play in their communities and the marketplace. Research tells us that family businesses are the cornerstones of most… Continue

Added by Andrew D. Keyt on December 15, 2009 at 9:53pm — No Comments

Developing Next Generation Leaders

When advisors talk about planning for succession, they are often talking about the immediate challenge of selecting an individual who can run the business once the CEO retires. The process of succession planning is actually more extensive and multi-faceted and including issues such as good corporate and family governance, and strategic planning. That being said, one of the most important things that families who seek to maintain ownership across generations can do is to prepare the next… Continue

Added by Andrew D. Keyt on September 1, 2009 at 1:46pm — No Comments

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