Monthly Archives: June 2011

The Leadership of Ownership

Leadership is not confined to an individual’s set of attributes and skills; leadership can be a process that is shared within a group.  It is extremely rare that a single person will have all the attributes necessary to provide leadership … Continue reading

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Commencement Advice

With graduation comes the prospect of joining the family business. For those who do, we offer ten tips: Negotiate what you need, upfront. The best time to discuss your concerns and hopes is before you take your job in the … Continue reading

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Managing to Lead the Family Business

A business needs a Chief Executive Officer (CEO) and other senior executives to develop strategy and move the business forward. Leadership in a family business, just as in any business, requires knowledge, experience, good judgment and credibility relative to the … Continue reading

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What good are boards?

Recently one of the national business news programs asked its audience to call in to vote on whether public company boards are worthwhile or worthless. Commentary suggested that in many cases public company boards were headed by CEOs who were … Continue reading

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Family Businesses Often Need Leadership Transformation not Succession

Often when good succession planning occurs in a family business the next generation leader is told (or at least understands):  “we need you to lead us just the way mom or dad did.”  Certainly this expectation seems logical if the … Continue reading

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Sibling Revelry Questions Answered

Below are a few of the questions that were posed during our Sibling Reverly webinar.  If you missed the webinar you are still in luck.  The replay of this program is available at http://eventcallregistration.com/reg/index.jsp?cid=600t11pk Q. What about those of us … Continue reading

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How Big Can a Family Business Be?

The family of Wal-Mart founder Sam Walton continue to be a powerful force in that business.  Son Robson Walton continues as board chairman of the $190,000,000,000 annual sales company.  When Sam Walton died nearly 20 years ago, the family retained … Continue reading

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In the Footsteps of Giants

I just finished reading a delightful family business biography:  Half Luck and Half Brains: The Kemmons Wilson Holiday Inn Story.  A classic “rags-to-riches” saga, Kemmons’ father died when he was nine months old leaving his mother to raise him by … Continue reading

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Protecting Next Generation Often Has Opposite Result

I’ve recently been dealing with a number of family businesses where the “next generation” is already in their 40s and even 50s and whose parents are “protecting” their children.  Protection comes in several forms:  providing lots of money; bailing them … Continue reading

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An Entrepreneur’s Dreams

Paul Spiegelman started a business in 1985 with his two brothers.  Called Beryl, the business is a call center that caters to hospitals. The company now has 350 employees and $35 million in revenues.  One brother passed away and the … Continue reading

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