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The Wise Use of Your Advisors - Counsel from the ExpertsThe Wise Use of Your Advisors - Counsel from the Experts

- Can you think of a time when your advisors were more important? Probably not! Certainly, no time has seen the kind of economic drama and trauma we have lately.

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A Family Business Icon Celebrates its 100th - Four Generations Built  Win Schuler’s into a TraditionA Family Business Icon Celebrates its 100th - Four Generations Built Win Schuler’s into a Tradition

- My parents used to marvel at the memory of Win Schuler. We made the stop in Marshall, Mich., every time we traveled the I-94 corridor and “the consummate host,” as Win Schuler became known, would greet us at the door and call us by our names.

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Not with a Whisper, but a Bang! - Family Firms are Top PerformersNot with a Whisper, but a Bang! - Family Firms are Top Performers

- Isn’t it amazing that when the term “family business” is used it conjures up images of mom and pop operations like the corner party store or dry cleaner? For those of us who work with family firms, we know that the images couldn’t be further from the truth.

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Patient Capital and Sweat Equity - Is This the Time to Make a Move?Patient Capital and Sweat Equity - Is This the Time to Make a Move?

- While most have heard of sweat equity, in case you haven’t – it is the hard work you put in theoretically beyond your compensation in hopes of a future reward. Sweat equity is the foundation on which many family firms are built.

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In or Out-of-Bounds - Managing Expectations in the Family BusinessIn or Out-of-Bounds - Managing Expectations in the Family Business

- How families who have family businesses can create workplace conflict by not setting proper boundaries.

 

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Even in the Family, True<br/> Retirement Requires a PlanEven in the Family, True<br/> Retirement Requires a Plan

- Careers may be marathon runs – but they do have a beginning and an end. That is unless your career is serving as the head of a family business.

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Shirt Sleeves to Shirt Sleeves in Three GenerationsShirt Sleeves to Shirt Sleeves in Three Generations

- Is there something in the universal human condition that says that a family-operated business tends to fail when the grandkids take over? Is it being accelerated in the digital age? Columnist Richard Segal explores the idea in Family Business.

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When Succession is NOT in the Cards - A Tale of Two BusinessesWhen Succession is NOT in the Cards - A Tale of Two Businesses

- Although the family has chosen to remain anonymous, it seems that they too may have run out of interested family to continue the business. There were seven family shareholders and only two were actively in management. The managing family members were in their 50s when they decided that it was time to explore the “sell option.”

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Gender Differences - Women Make Inroads at Family BusinessesGender Differences - Women Make Inroads at Family Businesses

- According to the American Family Business Survey, the number of female CEOs or presidents has doubled every five years since 1997. The most recent survey, done in the summer of 2007, indicates that 24 percent of the businesses surveyed currently have a female CEO or president – up from about 5 percent in 1997.

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Family Firms vs. Their Counterparts - Best Practices for SuccessFamily Firms vs. Their Counterparts - Best Practices for Success

- In 1986 a group of multidisciplinary professionals got together to explore family business. Twenty years later that group has evolved into the Family Firm Institute (FFI), an international organization of service providers to family firms.

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