Succession from the Successor’s Perspective
Have you ever wondered how succession looks through the eyes of the successor – or successors? Plenty has been written about “how to” for the exiting seniors, but little has been said about how this looks and feels from the next generation in a family enterprise.
Don’t Overdose Businesses With Sibling Rivalries
Sibling rivalries can leave families ruined and businesses destroyed. To avoid sibling rivalry overdose, families and businesses need to establish “best practices.”
M-1 Rail’s Bold Look Back to the Future
Detroit 2016: Six 60-foot cars will be traveling 3.3 miles up and 3.3 miles back, stopping every 7-10 minutes at 20 different points on Woodward in Detroit. Designed to be pedestrian friendly and part of the fabric of downtown, the M-1 Rail cars will share the road with traffic and cyclists and allow people to jump off and jump on. Different people, different backgrounds coming together. This is a positive, bold vision for Detroit.
You Can’t Take the Family Out of Family Business
Regardless of how your business was formed, or what your family system looks like, the family dynamics, culture, traditions and personality will permeate the business. As a family business you should embrace that and make the family and the company better because of it.
‘Non-Competes’ Won’t Let Michigan Compete
Non-competes are hurting Michigan’s ability to compete in a new economy. Recent evidence clearly shows that states that allow and enforce non-compete agreements (even where limited to “reasonable” scope) show less mobility of talent, attract less venture capital, and have fewer startup ventures.
How to Make the Family Business Accountable
Some see the family business as a golden goose whose eggs they harvest and pawn, but want to take no responsibility for the health of the goose. Consultant Richard Segal explains how to develop good practices and maintain family harmony while working together toward common goals.