Beyond Bloodlines: Strategies for Success in Family Enterprises
In family-owned businesses, many topics may feel taboo to speak about. Whether it’s money, succession, or division of ownership, no one wants to address the elephant in the room. But these are not subjects family businesses can ignore due to discomfort; they are pivotal aspects that can significantly impact not only the family members but also a broader spectrum of non-family stakeholders, including non-family employees of the business.
In this episode of UBS On-Air: Conversations with Mark Tepsich, our Partner, Maryann G. Bell dives head-first into many of the topics family businesses often avoid, and shares insights on how to start these hard conversations. Maryann focuses specifically on how difficult it can be for non-family executives to operate within the enterprise and be willing and able to speak up with actual family members.
“These are oftentimes big issues and so that heaviness weighs on people and holds them back because it seems too big to even tackle,” says Maryann in the interview. Discover how to overcome the awkwardness and break the silence to ensure the family business and its stakeholders are not blindsided by disruption.
Get more of Maryann’s insights on navigating family dynamics by listening to this episode on your favorite podcast platform: