Family Business Blog & News Articles
Read the latest news and updates of what’s happening at Family Business USA. Look through the posts below to get the newest details.
The Role of a Family Foundation in Family Governance: Strengthening Legacy and Unity in Family Businesses
A family foundation can play a critical role in family governance within a family business. It provides a formal structure for charitable activities, strengthens family bonds, aligns family members around shared values, and reinforces the family’s legacy. By incorporating a…
Best Practices for Transitioning Leadership in a Family Business
Ensure a Smooth and Successful Leadership Transition for the Next Generation Transitioning leadership in a family business is one of the most critical processes any organization can undertake. It involves more than just passing the baton; it requires careful planning,…
The Role of Advisors in Family Governance: Providing Expertise and Objectivity for Long-Term Success
Advisors play a critical role in supporting family governance by bringing external expertise, impartiality, and guidance to family-owned businesses. As family businesses grow, they face increasingly complex challenges, from balancing family dynamics to navigating market changes. Advisors—financial experts, legal professionals,…
Building an Effective Family Council in a Family Business: A Guide to Governance and Harmony
A family council is a vital governance structure for family-owned businesses. It provides a formal communication, decision-making, and conflict-resolution platform. It ensures that the family’s voice is heard while protecting the business from personal dynamics that could disrupt operations. By…
Business Continuity Planning
What is Business Continuity Planning? Business continuity planning (BCP) prepares your business to withstand disruptions and unexpected events while ensuring minimal impact on operations. For family businesses, continuity planning is particularly important because the company’s future success is tied to…
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