Recent surveys have unveiled a resounding consensus among family business leaders: the imperative to explore untapped territories ranks among the top priorities for strategic evolution.
Engaging the next generation in the family business requires more than communicating with them about the business. It requires learning and understanding what is needed in order to bring value to the company.
For those of us who live and work in cities, the world around us is the here and now. Everything is new.
At First Bank, we are committed to supporting the growth and sustainability of the family-owned business sector, as well as their employees, so they may continue to thrive and grow through the generations.
Whether you are a leader of a company, a parent, or both, here are some suggestions on how to preserve the legacy you are helping to create for the next generation.
Brett Tijanich, Commercial Team Leader and Senior Vice President at First Bank, discusses the importance of liquidity management for family-owned and privately-held businesses.
Help create a strong culture for your organization by reviewing takeaways from our own experience and other family-owned businesses.