Unexpected interruptions are a constant of life. In individual cases we tend to assess these interruptions, address them, adapt and move on. However, in business, knowing how to adapt and move forward successfully can be much more of a challenge. In writing Interrupted Entrepreneurship, my goal was to help family businesses more effectively plan for, […]
In a previous article, I addressed the necessity of creating a family business constitution. Having this document establishes your mission, as well as provides agreed-upon guidance and expectations regarding how your family business is run. This includes the difficult, yet necessary, question of succession planning. While succession is simple when only one child is involved, […]