The lack of succession planning has been identified as one of the most important reasons why many first-generation family firms do not survive their founders.
She promised her grandfather on his deathbed to keep his publishing company in family hands.
Why do people in a family business often risk destroying their bonds.
The psychological needs of parents in their 40s and of successors-to-be in their 20s are often on a collision course.
Serendipity led to the birth of Vietri Inc. in 1983. But the Gravely sisters made wise use of a board to build their successful dinnerware import business..
Parents want to be fair to all their children. When their offspring work together in the business, it isn’t always easy to figure out the best way to do it.
Build a better sweet spot and they will come….That’s what Bud Hillerich did and the great hitters all came to Louisville.
When young people sacrifice their own ambitions in order to live out a parent’s dream, the results can be destructive.