And the winner is…
The judges met and the results are in! Here are the honorees we will be celebrating at our 26th Annual Family Business Awards program on November 13th!
And the winner is… Read More »
Your Leadership Ethos – Leadership Development Peer Group
Are You Leading on Autopilot? It Might Be Time to Recalibrate Have you ever taken a moment to reflect on your leadership style? Or do you find yourself operating on autopilot, letting conversations, interactions, and challenges flow through you based on your usual habits? While autopilot can be a helpful tool—especially when you’re juggling a
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Compensation Issues to Consider in a Family-Owned Business – Women in Family Business Peer Group
At the September meeting of the Women in Family Business Peer Group, we discussed compensation. Every company has to work through the complications of compensation at various points in development. However, in family business, there can be even more to consider. Compensation in Family Business From the perspective of a current owner, it can be
Essential Questions Family-Owned Businesses Should Address When Developing a Succession Plan
Succession planning in family businesses is a critical process that ensures the stability and continuity of the business across generations. This process is characterized by developing, documenting, and communicating a comprehensive plan that aims for an orderly and successful transition. The journey towards this goal begins with the current generation of owners and operators who
How Unlocking Your Creativity is a Key to Greater Fulfillment – Next Gen Leaders Peer Group
How do you define creativity? We started our most recent Next Gen Leaders Peer Group session at the Conway Center for Family Business with that question. Creativity is a necessary skill, not only for success in the family business, but also for leading a fulfilling life. But what if we don’t consider ourselves to be
Creating an Inclusive Workplace: Insights from All Generations
Benefits strategies for multiple generations are essential in today’s diverse workforce. With employees ranging from Baby Boomers to Gen Z, organizations must develop strategies that cater to the unique needs and preferences of each generation. While each generation may have different priorities and expectations when it comes to benefits, there are also common themes that
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What is a Family Business Charter and What Should it Include?
Developing a family business charter helps individuals with differing points of view learn to work together in the spirit of collaboration toward a greater good — the health of the family and the business. Designed specifically for families in business together, a family business charter documents the shared understanding between the owner/founder and family members
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Hiring and Retaining A Skilled Workforce: Guidelines for an Employee Bonus Program
In our conversations with manufacturers, we often hear that workforce hiring and retention is their greatest stressor in this post-COVID era. Many manufacturing companies share the challenge of finding workers who are willing and able to perform the skills necessary to fill open positions. Scroll news feeds, read industry information, or listen to podcasts from
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Securing Your Business Legacy: The Essential Guide to Exit Planning
As a business owner, you’ve poured your heart and soul into building your company. But have you given thought to what happens when it’s time to step away? Exit planning is a crucial step that many entrepreneurs overlook, often until it’s too late. Let’s dive into why exit planning matters and how you can start preparing for your business’s future today.
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Connelly v. United States: Closely Held Corporations and Unexpected Estate Taxes
the recent decision in Connelly v. United States should encourage owners of closely held businesses to take pause and evaluate the unexpected federal estate tax consequences which Key Person Insurance could have for the deceased owner’s next-of-kin.
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