Does you family business suffer from Slacker Syndrome? An interesting take on how to avoid hiring potential underperforming family members. (more)
BRINGING IN OUTSIDERS TO MANAGE THE FAMILY BUSINESS
The top three things that a family business should consider when recruiting a non-family manager. (more)
HOW TO LAND A JOB WITH A FAMILY BUSINESS
Valuable advice on how an outsider can join a family business, including understanding the culture, family relations, and what you new skill you can bring to the closely held firm. (more)
HOW NON-FAMILY MANAGERS CAN MAKE A DIFFERENCE
A short interview with Michael Norsa CEO of Salvatore Ferragamo about his experience working in family businesses as an outside CEO. (more)
I vowed not to include the overly-done New Year’s article on the state of family business, but this one was hard to pass on. A re-visit to the KPMG 2013 Family Business Survey. (more)
When working with outside advisors on succession planning, get the board involved and select a small tight group of advisors to work on the process. In this case, too many advisors is as bad as having too few. (more)
FAMILY CONSTITUTIONS-WHAT DO THEY LOOK LIKE?
When you bring up the topic governance and family constitutions most family business members roll their eyes and put it in the category of “Need that. Do it later”. Often seeing what it looks like visually can help them better understand the importance and significance. (more)
