Insights
Selling a Family Business? Prepare for the Challenges!
Selling? Getting it Right! The decision whether or not to sell the family business is often a difficult one. No matter if the business has been nurtured and handed down through several generations or is [...]
Managing Sibling Wealth Disparity pt. 2
Without common values and mutual respect, siblings may lack a common language to talk about the use and purpose of money. Part 2 of a 2-part series by Continuity Managing Partners Doug Baumoel and Blair [...]
Managing Sibling Wealth Disparity pt.1
When misunderstood, wealth disparity between siblings can build resentment… Understand why and steps you can take towards a shared vision. Part 1 of a 2-part series by Continuity Managing Partners Doug Baumoel and Blair Trippe [...]
Employee Reviews: A Challenge in Family-Owned Businesses
Cultivating Successful Family Business Leaders It has long been a tenet of successful businesses that regular and honest performance reviews are essential. However, in a family-owned business, employee reviews can be torture for both non-family [...]
Importance of The Family Factor in Managing Family Business Conflict
“The family — that dear octopus from whose tentacles we never quite escape, nor, in our inmost hearts, ever quite wish to.” ~~Dodie Smith Continued Relations Unlike classic business disputes where warring parties can do [...]
Releasing Blame: The Case for Forgiveness
“He who cannot forgive others breaks the bridge over which he must pass.” – Confucius Getting Past Long-Held Grudges Takes Time It’s very common for members of family owned businesses to become bogged down in [...]
How to Enjoy Your Family Over the Holidays When You Work With Them
As we head further into the holiday season, many of us are preparing for family functions with the full spectrum of emotions running from eager anticipation to dread.
Family Ties and Relationship Challenges
Family business conflict is typically caused by opposing goals, incompatible values and/or an historical impasse. Often, families will avoid discussing these because there are deep commitments on both sides that might make it hard to come to consensus. When this happens, the business can suffer from inaction. Historical Impasse can often act as the cement that keeps such situations “stuck”.