Category Archives: Uncategorized

WHO Knows WHAT and WHEN – A Key to Not Hurting Feelings

A common challenge for family members in business together is communication.  How well family members are communicating impacts the family’s ability to work together effectively, a capability that is foundational to healthy families and healthy businesses. One key to effective … Continue reading

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The Benefits of Women Leaders in Family Firms

Recently, the “Management Science” journal published a research paper about the impact of female leadership on the performance of family firms. Specifically, this article — “Gender Interactions Within the Family Firm” by Amore, Garofalo, and Minichilli – examined (1) the … Continue reading

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A Fourth Generation Leader who Mastered the Art of Embracing Tradition and Change

Successful long-lived family businesses find a way to preserve their historic values and traditions while, at the same time, renewing themselves and responding to opportunities in an ever-changing world. Firms that are too rooted in the past become ossified, out-of-date, … Continue reading

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The Case for Versatility

If you read my post earlier this week, you will see that I began to explore the keys to effective leadership in a family business, and that one of those identified keys is a deep understanding of the family business’ … Continue reading

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Distributing Personal Effects (Part 3 of 3)

Finding Joy Amidst Grief When a parent dies, family members each experience a unique set of memories, thoughts, and emotions around the parent who has just passed.  Ideally, extensive amounts of time would be allowed to pass before the adult … Continue reading

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Distributing Personal Effects (Part 2 of 3)

Who Took Mom’s Toaster? Many families experience an aging parent who does not have crises in health, but more a deterioration of health over time.  Admirably, children often provide care and companionship for aging parents.  During these times it is … Continue reading

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Distributing Personal Effects (Part 1 of 3)

I Called it First! Families of wealth often accumulate numerous objects of both tangible and intangible value over a lifetime.  When parents approach the later years of life they often begin downsizing or distributing personal effects.  Parents frequently value family … Continue reading

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The “Why?” Exercise

I refer to a favorite consulting tool as the “Why?” Exercise – a process that utilizes repetition of the question “why?” to discover the guiding principles behind decisions. I’ve found that when working through the question, some clients realize they … Continue reading

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How Parents Influence Wealth of Their Children

by John Ward That wealthy parents beget wealthy heirs is well researched and proven.  In fact, parents in the top quintile of wealth and the bottom quintile are very likely to have children of the same wealth category through their … Continue reading

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WITHOUT WORK, THINGS DON’T WORK

  A friend asked about the impact of wealth on the children of families owning significant assets.  What’s the secret, he asked, to helping such children achieve reasonably well-adjusted adulthood?  Indeed, I was reminded of one client who shared his … Continue reading

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