Will the Circle Be Unbroken? Managing a Family Business Disaster

Will the Circle Be Unbroken?
Managing a Family Business Disaster

by Richard Narva
Principal Consultant, Genus Resources, Inc.

Sam and Jim were the boisterous and passionate owners and leaders of a thriving manufacturing company near Boston with 85 employees. They were also friends of mine. On the last Saturday in March, they went on a flight to Block Island, off Rhode Island. Their plane developed engine trouble and crash landed on Interstate 495, not far from their company, killing both men instantly.

Occurring just prior to the holiday season, this crash was especially agonizing for their families and friends. But Jim and Sam Snyder were also the owners, the board of directors, the CEO’s, and the leaders of Polymer Design, which they founded and grew from nothing to sustained success. More…

What do we Owe Our Children?

What do we Owe Our Children?

Money isn’t the Primary Issue.With a Commitment to one another’s Growth and Happiness, Business Families will Thrive

by Henry D. Lanes

One way of approaching compensation “the elephant in the living room” that too often doesn’t get talked about is to think of parents in a family business as wearing three hats: those of family leaders, business managers and business owners.

What’s the real bottom line for parents who head up a business family? Perhaps a story will help.

A tourist was admiring the beautiful farms of Lancaster County, Pa. Curious about the crops, the man spied an Amish farmer by the side of the road, stopped his car, got out and asked the farmer, “What are you growing here?” More…