Category: Wingspan Insights

George Jackoboice, Wingspan Operating Partner, reflects on his family’s decision to sell their fifth-generation business, balancing legacy with opportunity.

Five strategies to help children in business-owning families build character, independence, and a healthy relationship with wealth, ensuring they thrive.

This article offers insights on managing liquidity while preserving long-term legacy, with real-world lessons from Fairchild Semiconductor and Reliance Industries.

Discover the seven essential documents every family business needs to ensure effective governance, clear communication, and smooth leadership transitions.

Ownership in a family business goes beyond just holding shares; it requires a deep understanding of the responsibilities and expectations that come with it. There are four distinct types of...

Empower the rising generation by creating a family entrepreneurship fund. This approach encourages innovation within the family, provides structured support for new ventures, and helps preserve family values and legacy.

Succession planning is one of the most important elements of a family enterprise, yet many families don't realize they need more than one succession plan.

A family constitution is crucial for family-owned businesses, providing clear guidelines on governance, succession, and conflict resolution to balance business demands with family harmony.

Family meetings enhance the likelihood of generational success in family businesses by formalizing effective communication and strategic planning.