Mind the Gap – Managing Employees Older Than You in a Family Business
It can feel awkward and intimidating for a younger manager to manage older employees. It usually happens sooner in a family firm because children often move rapidly through the ranks before other...
View ArticleWhen is it Time to Bring a CFO Into the Family Business?
“the event that really triggered our decision to bring in an outside CFO was a situation involving a serious fraud incident” Most family business accounting functions are initially run by an accounting...
View ArticleWhat Happens When the Family Business Outgrows the Family?
There’s nothing better than running a successful business and growing rapidly. Riding the wave of success, you can do nothing wrong. Or can you? Keeping your skill set up to speed in a fast growing...
View ArticleHelp! I’m Working For a Non-Family CEO in Our Family Business
“He pushed me beyond my comfort zone, but I liked it” At first, we were concerned, that hiring an outside CEO would feel like a loss of control. But in a strange way, we almost felt a sense of relief....
View ArticleGoing Outside – The Runaway Manager
“Before we knew it, we learned that we were having a Grand Opening for our new Manhattan retail store later that week. And we weren’t even a retailer“ To help with the growth our family business, our...
View ArticleTrusting Others Outside of the Inner Family Circle
As family business owners, we are a trustworthy group. We tend to be easy-going and get along well with others. Generally we are more sensitive to employees concerns, even treating them as extensions...
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