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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...

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When 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...

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What 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...

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Help! 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....

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Going 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...

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Trusting 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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