Some highlights from my "talk" today: If you're in a crisis, you must have a team of advisors One advisor = no advisors (you really do need a team) Family business is a crisis waiting to happen Don't procrastinate - take action while the problem is small enough to solve ...
I'm always excited to return to the Cox School of Business, full time MBA and PMBA program. Thanks to Prof. John Schoen for having me out for the 5th year in a row as guest presenter. John has a record 49 students this year! Topics...
"We spend a great deal of time preparing our assets for our children but not nearly enough time preparing our children for our assets" ...
Thanks again to Dr. Worthington and Baylor University for having me present "Governance in the Family Firm". Key topics covered during presentation: The need for governance How to set up a family council The importance of shared vision How to prepare heirs for stewardship rather than entitlement The cost of...
"We had a family meeting and it was terrible!". Convening a family meeting sounds reasonable, right? But poorly planned and executed family meetings can make a bad situation worse, even when a professional brought them together with the best of intentions. It can also violate...
But taking action to ensure the continuity of your family enterprise can short circuit trouble. As the philosopher Lao-Tzu once said; "the biggest problem in the world could have been solved when it was small." We need to take action now - while the problem...
I was the lunch speaker for the Prairie Family Business Forum Annual Meeting in Sioux Falls. Met some great families – had a lot of fun with it. My thanks to Holmes Murphy Financial Services and Muth Electric for sponsoring me. Topics included family business...
Did you know the United State’s Constitution is only about 18 pages long? In spite of its brevity the interpretation of the Constitution and the debates sparked by its application are subject to wide debate. And yet, this remarkable document has provided the key principles...
OK, lets start with a pretty safe assumption: that most family-owned companies (as well as most non-family owned) do nothave any type of conflict management system in place. No one likes conflict and no one likes to think about conflict because its an unpleasant topic. And...
Reposted from PRWeb Article. Dallas, TX The “Family Business” conjures images of traditional Hollywood movies – sons learning from fathers, or daughters taking the reins when women did not hold such high-level positions. But what if your family business is more like a comedy or horror flick? Where...
