Category: Contributed Content
NextGens Embrace the Prenup
The word “prenup” used to make engaged couples uncomfortable, but times have changed. Surveys show younger generations are more favorable toward prenuptial agreements that divvy up assets should there be...
How to Bring an Outside CEO into the Family Business
Most multigenerational family businesses eventually arrive at the same decision point: the current generation needs to hire a non-family-member to run the business.
Future leaders, not nepo babies: how to start family business succession
The term “Nepo Baby” may be offensive to some, but it sheds light on an important issue for family businesses: the next generation of family members may not be capable...
Meet the Parents – Family Business Style
Being born into a family business can be difficult, but marrying into one can be even tougher. You may encounter family dynamics tied to the running of the business you...
Onboarding NextGens – Family Business Magazine
One of the biggest problems facing a family business is not having a solid succession plan. This is often a result of failure to involve the next generation at a...
Maximizing Results In Your Family Office: Treat It Like A Business
The number of family offices and their role in global capital markets have both surged in recent years. But the rapid growth of this sector means best practices in governance...
Should Your Family Business Have A “No In-Laws Policy?”
Family dynamics among blood relatives are often difficult and dramatic enough. But the challenges can proliferate once you introduce the in-laws. And it’s no different for family businesses. Wingspan Founder...
Create a Culture of Generosity and Communication in Your Family Business
Regular families typically have to continuously work on communication issues and overcoming troubles caused by their shared experience. But when a family is also running a business, those issues take...
