ADVISORY BOARDS: Not Just for Big Companies Anymore.

DO YOU EVER catch yourself saying, “why change, we’ve always done it this way” or “I mentioned that idea before, but no one listened” and “I wish we could do this, but it would hurt his feelings?” As small businesses, we have a unique ability to make clear- cut decisions and not get caught up in the bureaucracy. Unfortunately, this same advantage also goes against us, when we are faced with growing the business and making critical decisions. Everything works well when we are in agreement with each other about the strategic direction of the business. But when we are not on the same page, we get bogged down making decisions and deciding on the direction of the business, because our personal feelings often get in the way and impede us. More…

Turning Sibling Rivalries into a Positive Force for Business Success

Turning Sibling Rivalries into a Positive Force for Business SuccessNortheastern University

Family Business Quarterly

“When sibling relationships are going well, they can be the most wonderful thing in a business. When they are not, they can mean the end of the business.”

That observation by Shari Wyner Narva, a consultant with Genus Resources Inc. of Needham, Massachusetts, wasn’t disputed by any of the sixty or so attendees at a recent session of the Northeastern University Center for Family Business on “How Relatives Relate: Siblings in Business Together.” Narva presided over a panel consisting of two sets of siblings from family businesses: Matthew and Andrew Hayes of Bernett Research Services and John and Brendan McSheffrey of MIJA/Bestek. More…