joe@ally-marketing.com

joe@ally-marketing.com

Webinar: Understanding and Managing Conflict in Enterprising Families

Webinar: Understanding and Managing Conflict in Enterprising Families Watch this webinar recording about managing conflict in family enterprises. Doug Baumoel, founder of Continuity and co-author of Deconstructing Conflict, reveals what truly drives entrenched, emotional disputes in family businesses. He debunks myths, explains key differences between conflict types, and shares how to match the right professional support to the problem—all grounded in over 20 years of experience guiding families through tough transitions. Key Takeaways: Learn Common Myths About Conflict: Doug dispels popular but harmful beliefs—like “conflict is good”—and explains why many common approaches actually backfire in family enterprises. Understand the [...]

Considering a role in your family business? An MBA may be helpful.

Considering a role in your family business? An MBA may be helpful. Discover the transformative influence an MBA can have on your future, regardless of whether or not your path leads to your family business. By Doug Baumoel and Masaki Sasaki Estimated read time: 5 mins So your family owns a good-sized company and you’re thinking that maybe that’s where your future lies. You started out in the warehouse shuffling boxes back and forth during high school, maybe had a stint in manufacturing or marketing, and you have grown up knowing the company and its industry well. Now, a [...]

The Progenitor’s Dilemma: Avoiding Entitlement When Transferring Wealth

The Progenitor’s Dilemma: Avoiding Entitlement When Transferring Wealth A practical framework that empowers heirs while minimizing negative consequences byline Doug Baumoel, Blair Trippe and Katie Spencer Est. Read time: ~8 to 9 minutes Wealth can, at times, feel more like a curse than a blessing. Wealth magnifies the impact of bad choices and presents dilemmas to those progenitors who must determine how to distribute their assets over their lifetimes and beyond. Perhaps the biggest fear among benefactors is transferring wealth in a way that engenders entitlement. Progenitors do not want affluence to crush the next-generation’s initiative, sense of purpose [...]

Venting With Purpose: How To Complain About Your Family

Venting With Purpose: How To Complain About Your Family Tips for complaining about family members and how best to respond Byline: Doug Baumoel Est. Read time: ~5 to 6 minutes In any family business, complaining about fellow family members is bound to happen. Our natural tendency as human beings is to focus on negative events. This negative bias leads us to complain—a lot. Ten good things may have happened at the office that day, but the one bad thing will get most of our attention. So, we will come home to complain about that one thing (and the one person [...]

Beyond The Box Thinking for Family Business Compensation

Beyond The Box Thinking for Family Business Compensation Byline: Doug Baumoel Estimated read time: ~9 min When it comes to compensating family employees, a common best practice is to pay family members a salary that’s in line with what non-family members would earn for the same job, adjusted for size and location of the company. A compensation consultant will often suggest such a pay range and, while many family members may receive the higher end of that range, some will actually receive the lower end in an effort to guard against the appearance of nepotism. While a ‘best practice’ [...]

Airing Grievances: 10 Tips for Better Communication with Family Members

Airing Grievances: 10 Tips for Better Communication with Family Members Byline: Doug Baumoel Estimated read time: ~9 min The purpose of effective communication is to transmit information from one person or group to another and to convey a specific message that elicits a desired reaction or result. Communications among family members have an additional purpose: To deepen our understanding of each other, find accommodation for differences that remain, build resiliency and bring family closer together. Family relationships are uniquely permanent, so communication must serve not only the content of the communication but the relationship itself. Problems arise, however, when [...]

  • a succession planning guide to help family businesses position themselves for success

A Succession Planning Guide for Family-Owned Businesses

A Succession Planning Guide for Family-Owned Businesses Byline: Doug Baumoel  Estimated read time: ~13 minutes Transitioning a company to the next generation of leaders is a complex process that can easily falter if there’s not a strong succession plan in place. When we talk about succession, we’re focused on BOTH management and ownership; these two are tightly intertwined and must be considered together. If either management or ownership succession fails, uncertainty and misplaced expectation can have major repercussions that can lead families into conflict. Additionally, encouraging family members to join the business as an employee without considering ownership succession [...]

How Family-Owned Businesses Benefit from a Board of Directors

How Family-Owned Businesses Benefit from a Board of Directors When a family-owned manufacturing business built an independent board and its impact on the company Byline: Doug Baumoel Estimated read time: ~5 minutes A family-owned manufacturing firm had just finished a six-month family business consulting engagement and now had a basic management and ownership succession plan in place. In addition, a family bank was set up to manage a vacation property, help avoid family conflict over money, and be used as a capital resource for entrepreneurial family members not in the family business. Satisfied with the work done to date, [...]

What Does A Family Business Consultant Do?

What Does A Family Business Consultant Do? Nine ways a family business consultant can help improve business success and strengthen family relationships Byline: Doug Baumoel and Blair Trippe Estimated read time: 5 minutes Family business consultants are uniquely able to help enterprising families navigate the complex issues that arise when family dynamics combine with management, ownership, and economic interests. Because they bring an informed, independent perspective, they help families and their advisors break through impasses and develop solutions that consider both the family and its business. With broad skill sets in facilitation, negotiation, business, and family dynamics, they help [...]

Wealth Integration: A Multigenerational, Multifaceted Approach for Enterprising Families

Wealth Integration: A Multigenerational, Multifaceted Approach for Enterprising Families Prepare for challenges, manage risk, and empower future generations By Sarah Parker Schlesinger Estimated read time: ~3-4 minutes What is wealth integration? Wealth integration is about forming a powerful foundation for the future with multigenerational thinking and a multifaceted approach to wealth. It’s about how wealth can be integrated into the lives of individuals and families, productively. (And how individuals [i.e. inheritors] can avoid the Paradox of Choice and wealth’s unintended consequences.) Wealth affords access to opportunities and wealth integration helps families leverage their potential, and empower future generations. The [...]

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