Every family business should establish a set of family business rules. These rules of engagement should encompass a policy that…
The hiring of family members is not something that should be taken lightly by any family business. Family members should…
The premise of a family business and the premise of a family are not the same. Because the foundation for…
In family business, there is a clearly defined but invisible control mechanism called the family system. This system is often…
A corporate governance structure is a collection of customs and policies that affect the way a corporation is administered. This…
Succession in family business is all about the survival of the business as an economic entity. Succession planning should involve…
If the business is to thrive, there should be conditions attached to the hiring of family members. Every owner of…
A family business constitution expresses the will of the family for future generations and gives family members a sense of…
There is little that can be done to avoid all family business conflicts. A family business constitution sets up the…
Learning how to write and implement a family constitution is important. Family businesses need rules that define expectations, and a…