Segal Consulting

Family Business Consulting - Southeastern Michigan

  • Home
  • Our Services
  • Our Process
  • About Rick
  • Blog
  • Contact Rick
  • Our Process
You are here: Home / Blog
post

Choose and Use Your Advisors Wisely

06/16/2016

Every leader surrounds themselves with advisors. We have all had mentors throughout our lives whose lessons have given us our ethics, values and acumen. Whether it be a parent, teacher, clergy or Dutch Uncle, our mentors have shaped our abilities to think, reason and solve. If we are fortunate enough to have some of those […]

Filed Under: Articles, Blog Tagged With: advisory board, event, mentoring

post

Michigan’s Economic Bright Spots Conference

06/16/2016

Please join us as we honor this year’s MICHIGAN’S ECONOMIC BRIGHT SPOTS Corp! Magazine is once again looking for Michigan’s Economic Bright Spots. These companies have continued to grow in economic growth, expansion, and are hiring Michigan’s brightest talent. Companies are able to nominate year after year if they have continued to grow. Deadline for […]

Filed Under: Articles Tagged With: event, succession

post

‘Business is Business’ and Family Dynamics

04/07/2016

The ‘business is business’ mindset can be a problem in a family enterprise. The family dynamics factor in a family business is strength and a weakness, an opportunity and a threat. Six best practices are proposed.

Filed Under: Articles, Blog Tagged With: advisory board, boundaries, conflict, family meeting, groupthink, transparency

post

How You Address Conflict is Key to Resolution

01/28/2016

Conflict in a family business is normal. But it needs to be addressed and managed before it is allowed to dominate poor governance and ultimately destroy the business. The conflict paradigm is one protocol that works well with many work groups.

Filed Under: Articles, Blog Tagged With: conflict

post

It’s Not the Money – It’s How Much!

11/19/2015

The accounting function of a business should measure more than profit and equity once a year. It should provide a service for management to help determine how money was made and how equity can be increased.

Filed Under: Articles Tagged With: accounting, conflict, Leon Danco, money

post

It is Personal – Very Personal

10/23/2015

Originally published in CorpMagazine.com October 8, 2015 One of our most common catch phrases these days is, “It’s not personal.” I’m not sure what that means, or where it came from? It seems to be some action taken by someone else that clearly affects your life, but you aren’t supposed to take it personally. Anything […]

Filed Under: Articles Tagged With: conflict

post

To Keep or Sell the Family Business?

06/18/2015

The recent sale of two southeast Michigan iconic family businesses to large national companies brings up a great topic: Should you keep or sell the family business? Hiller’s Markets on the west side of Metro Detroit recently sold its boutique chain of seven markets to the largest grocery market chain in the country – Kroger. […]

Filed Under: Articles, Blog Tagged With: Corp! Magazine

post

How to Measure Your Family Business

04/17/2015

Family business research is scarce at best. So when new data comes out, it is always good to see how your family enterprise compares. It’s not that there is a right or wrong, but there is research that suggests “best practices” for family firms. We will look at more on that a bit later. First, […]

Filed Under: Articles, Blog Tagged With: Corp! Magazine, succession

post

Succession from the Successor’s Perspective

12/19/2014

Have you ever wondered how succession looks through the eyes of the successor(s)? Plenty has been written about “how to” for the exiting seniors, but little has been said about how this looks and feels from the next generation in a family enterprise. Here are 5 best practices to mitigate conflict and smooth the way for the next generation.

Filed Under: Articles Tagged With: Corp! Magazine, succession

post

Don’t Overdose Businesses With Sibling Rivalries

09/26/2014

Sibling rivalries can leave families ruined and businesses destroyed. To avoid sibling rivalry overdose, families and businesses need to establish “best practices.”

Filed Under: Articles, Blog Tagged With: conflict, Corp! Magazine, rivalries, siblings, succession

« Previous Page
Next Page »

Latest Posts

  • If you can’t find equal in estate planning, shoot for fair
  • What should you do when the CEO ‘stays too long’?
  • When the pot is still simmering, family business problems won’t be resolved
  • ‘How to decide’ could be the most important decision a family business has to make
  • Transitional Timing for a Generational Change in Ownership Can Be Key

More posts

  • Before Crisis Strikes in a Family Business, Take Steps to Avoid a Disaster
  • Sibships – How does the sibling relationship affect a family business?
  • The Myths and Realities of Family Businesses are Worth Noting (and Celebrating)
  • Never too late to re-ratchet good family business practices
  • Proper planning is more than asset allocation
  • Choose and Use Your Advisors Wisely
  • Michigan’s Economic Bright Spots Conference
  • ‘Business is Business’ and Family Dynamics
  • How You Address Conflict is Key to Resolution
Scroll to Top
Log in

© 2003–2023, Segal Consulting Inc.
Web Design: Added Value Web Services, LLC