Don’t Drop the Baton! Pass it Onto the Next Generation of Leaders

In my experience, family business owners are a resilient bunch. Having survived a myriad of challenges over many years, they have an uncanny ability to come out on top. But how will they fare when it comes time to pass the baton to the next generation of leadership in their own business? Is the role [&hellip
Read More →

Can We Talk? The Importance of Effective Communication in the Family Business

“The single biggest problem in communication is the illusion that it has taken place.” – George Bernard Shaw – Research shows that 90% of all businesses in the United States are family owned and employ over 60% of the workforce. That is an impressive statistic! But sadly, most of these family owned businesses will not survive [&hellip
Read More →

What Exactly is a Family Business Consultant?

Running a successful business is hard. Running a successful family business is even harder. Running a family business involves a unique set of challenges that are constantly evolving and transitioning as the business grows and later generations are included. Personality conflicts, as well as strategic, legal, and estate planning issues become even more complex when [&hellip
Read More →

Six Traits of a Winning Company

What makes a winning company? In my 25 plus years as an entrepreneur, I have had a front row seat to witness the performance of many businesses. I have seen companies rise and fall and those that rise to the top continuously demonstrate the mastery of the following six traits: Numbers There is an old [&hellip
Read More →

Great employees are as easy as A, B, C

As smart owner, you try to build a good team. How do you keep A players? What makes a good B player tick? When should you get rid of C players? ********* I grew up in northern Minnesota so I ended up playing my share of hockey. I tried out for many teams along the [&hellip
Read More →