To stay apprised of the specific needs and challenges of family businesses, we again commissioned the expert assistance of market research firm MacKenzie Corporation, a second-generation family business in Orange County, California, to conduct our 2024 Family Business Survey. Read more about three optimistic findings from this year's results.
Your vision and legacy are too important to be left up to chance. The article, “Successor Training: Take it Slow,” by Chris Yount, and originally published on Family Business Magazine, discusses the process of slowly transitioning successors into the family business.
It’s no secret that we’ve been in an upward trajectory for both inflationary prices and interest rates. A complex question asked by most consumers is, “Is the Fed done raising rates?” And, if they’re done raising rates and decide to lower them, “How will this rate reduction impact my investments and overall wealth building strategy?”
Economists consider how Artificial Intelligence (AI) technology will affect job prospects, higher education, and inequality.
With the increase in optimization software, many businesses are turning to the assistance of Artificial Intelligence (AI) to help automate processes and maximize efficiencies. One such father-son business, Inspira.AI, helps owners and leaders monitor how much time at work employees really spend on work as well as help coach employees who may struggle to stay focused.
First Bank's Center for Family-Owned Businesses is thrilled to announce two of our close family business friends as 2023 Family Business Magazine CEOs to Watch!
This article discusses strategies that parents and grandparents may use to help leave a legacy of empowerment and not entitlement with their transfer of wealth.