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You are here: Home / Archives for advisory board
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Never too late to re-ratchet good family business practices

11/10/2016

During a prospective client meeting with a family business beginning to transition to third generation, it became clear that there were decades of issues to be addressed.  Dad’s estate plan had considered the inactivity of his one daughter in the family business and she inherited non-business assets equal to the value of 25 percent of […]

Filed Under: Articles, Blog Tagged With: advisory board, Corp! Magazine, family meeting, siblings

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Proper planning is more than asset allocation

08/11/2016

Here’s the thing… good planning avoids conflict. But, good planning is much more than asset allocation. Advisors implore their clients to plan for the future. They often use disturbing techniques like horror stories of deplorable outcomes due to a lack of planning. Usually the disturbing track is about a loss of money either to the […]

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

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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

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‘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

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