The Family Business Blog [short for "web log"] is our mini-journal about Family Business Experts. It lets you know...
Loss control is all about reducing the frequency and/or severity of losses through preventive measures.
Marketing and Advertising Law - six key questions for family business owners to ask
Building family business infrastructure is an on-going process for successful family businesses
Adam Bellow's remarkable book - In Praise of Nepotism: A Natural History - in our opinion is a must-read for anyone in a family business. Or any business.
Continue reading "In Praise of Nepotism: An Interview with Adam Bellow"
The 4 Ps of marketing classify the controllable elements of your marketing plan. Product, place [distribution] and promotion are all expenses; price brings in revenue.
Continue reading "4 Ps of Marketing - The Controllable Elements of Your Marketing Plan"
Honor Flight was the vision of retired Air Force Captain Earl Morse to honor veterans of World War II - to fly them to Washington DC so they could visit the National World War II Memorial.
Today, the program is a national organization and mostly uses commercial aircraft. The number of Vets and their guides taking advantage of the program is impressive. In 2016, the Network transported 20,558 veterans plus 18,202 guardians who accompanied the Vets to our nation's capital to visit the National World War II Memorial and other Memorial sites.
Honor Flight is organized as a volunteer organization to fly WW II veterans to Washington DC to visit the World War II Memorial.
Leadership practices assessment is a simple and quick way to assess the leadership practices in your organization. This gives insight into organizational problem solving.
Family Business Experts 20 person team is nationally recognized for our work in pioneering the multi-discipline approach to solving the unique and complex problems that impact the family business.
Professional intervention to resolve family business disputes is an effective strategy because running a successful family business is substantially more complex than running a non family business.
Continue reading "Professional Intervention in the Family Owned Business"
An online business plan is different than a regular business plan. Describes an outline and seven ways an online business plan differs.
Continue reading "Online Business Plan - Differs from other Business Plans"
A battleground can result in the family business from mixing good family behaviors with an effective business system.
Continue reading ""Battleground" Describes Your Family Business?"
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Ask The Family Business Expert - Here's your chance to ask our family business expert about issues and concerns you may have about your family business.
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When a family business owner is planning to retire, a profound and basic decision must be made: whether or not to pass the business on to the next generation
Unfortunately, many family businesses fail to reach their true potential according to family business strategy master Don Schwerzler.
The reason for this is rather simple. From a strategy perspective, family businesses, especially in the early years, are “reactive” rather than “proactive”. That business model, for many family businesses, is slow to change.
“The family business entrepreneur may have a vision and maybe even a formal business plan, but rarely will they have a “strategy” for the business” notes family business strategy master Schwerzler.
Contact Family Business Experts is easy - just pick up the telephone, use email or snail mail, send us a fax. WE respect your privacy to the utmost.
Potential investors or lenders will read your business plan, of course. But now there are many more potential readers, some of whom will be a bit surprising...
The transition of ownership from one generation to the next can cause havoc in the family business and the family. Here are three ideas to help ensure success for your family business.
Addiction Treatment Recovery Process should include helping family members and friends needs to be on a par with helping the addicts and alcoholics
Performance metrics requires that the major work functions in every department be identified both in terms of volume and time. The premise is that work not measured cannot be managed.
Produce gap analysis of the critical issues by studying the key elements of these core drivers. Help you and your managers establish an Action Plan to address these critical performance issues. Days,
Almost one in 10 people in the United States experience alcoholism at some time during their lives. Alcoholism is a subtle disease. It's the only disease that tells you, you don't have it! A person can drink for many years and not think that they have a problem with alcohol - truth is, they are most likely a functional alcoholic.
Alcoholism is a progressive disease. The longer a person drinks, the greater the chance for alcohol dependence leading to dependency and chronic alcoholism.
There are many different type of drinkers, which further baffles the alcoholic. For example, there are people who drink only on weekends, people who drink only at night, those that drink only beer or wine. Then there is the person known as a periodic drinker; they may go three months without a drink and then when they drink they get in trouble, because they can't control how much they drink and they cannot stop.
Family business conflict can destroy a family business and wreck family relationships
“Developing and implementing a succession plan for a family business should also include a succession management process for the family side of the family business” according to leading family business expert Don Schwerzler. “When we develop a succession management strategy for the management of the family business, we also know that a critical requirement for the next generation of the family is to have a succession plan for the family's Chief Emotional Officer (CEO) as well.”
Mom's role as Chief Emotional Officer (CEO) of the family in a family business
As a family business owner, what are you doing to future proof your family business?
Risk management insurance offers protection against a broad spectrum of litigation threats. Unfortunately, many family businesses have a false sense of security about liability litigation - a problem that would likely not befall them. A common thought amongst many family business owners is that litigation/lawsuits are something that happens to other businesses…
The reality, however, is that even when the family business owner is “right”, defending against lawsuits can wreck years of hard work building a family business, endanger the family’s wealth and destroy the financial security of the family business owner.
“Risk management insurance is a smart strategy for family businesses,” says leading family business expert Don Schwerzler. “As a family business grows, so does their exposure to litigation. Gaining an understanding of the many ways a family business can be hurt by litigation should be considered as part of the risk management plan for every family business.”
Risk management insurance should be considered as part of the risk management plan for every family business
Business communication is always an important function that family businesses need to manage with a clear vision and strategy.
Continue reading "Business Communication - Many Channels to Navigate"
Financing a business. Here's what you need to know and a comparison of advantages and disadvantages of different sources for financing your business.
Wills and trusts are two of the most basic tools of estate planning. In fact, a Will is the one essential tool - everyone should have one!
Continue reading "Wills and Trusts - the Basic Essentials of Estate Planning"
Family business succession is a tricky process and can be a minefield for many family businesses. The problems that confront a family business at succession time can wreck family relationships and destroy the business.
Succession in a family business is a complex process - as described by our logo.
The logo for the Atlanta-based Family Business Institute is three interconnected circles, each representing a major “sphere of interest” in a family business - the family system, the management system and the ownership system. To be successful, the family business succession management process should engage each of these three systems.