What is Family Council? Benefits and Rules Explained

What is a family council? It’s a great way to help your family communicate, plan for the future, and build stronger relationships. In this guide, you’ll learn about the purpose and benefits of forming a family council, as well as tips on how to make sure it runs smoothly. What Is a Family Council? It… Continue reading What is Family Council? Benefits and Rules Explained

5 Essential Questions to Ask When Hiring a Family Business Coach

Do you want to make sure your family business is running as efficiently and successfully as possible? Are you considering hiring a family business coach but don’t know where to start? Look no further! This guide will provide you with the top 5 questions to ask when selecting a family business coach. What type of… Continue reading 5 Essential Questions to Ask When Hiring a Family Business Coach

Family Business Advisors: What They Do, How To Find Them And More

Family businesses are often passed down through generations, but many families struggle to keep the business alive after the death of an owner. Family Business Advisors help families plan for succession and ensure that the business will continue to run smoothly after the owner dies.   What Are Family Business Advisors? A Family Business Advisor… Continue reading Family Business Advisors: What They Do, How To Find Them And More

How Many Family Businesses Make It To The Second Generation?

Many business owners wonder, “How many family businesses make it to the second generation?” The answer turns out to be complicated. It depends on what you mean by “make it.”  Here is what we know about  how many family businesses survive the second generation. John Ward of Northwestern University’s Kellogg School studied this issue. He… Continue reading How Many Family Businesses Make It To The Second Generation?

What is Family Governance?

Family governance refers to agreements and shared activities that organize the family so that it can maintain…

Family Code of Honor

A Family Code of Honor™ is a set of guiding principles for how family members interact with one another. It also sets out how the family…

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