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.
The article, “Going From Zero To Hero,” by Mark Sanborn, and originally published on marksanborn.com, explains how great leaders want heroes on their teams, not zeroes. It also outlines a specific action plan for “heroes” within an organization as well as the recipe on how to avoid becoming a “zero.”
The article, “The Power of Self Leadership,” by Mark Sanborn, and originally published on www.marksanborn.com, discusses the importance of first learning the art of leading yourself before being able to successfully lead others. He also outlines some of the key skills that create self-leadership.
The article, “13 Things That Make Organizations Extraordinary,” by Mark Sanborn, and originally published on marksanborn.com, unpacks two decades of research to reveal what he refers to as the “Lucky 13”, or 13 critical elements that set leading companies apart from the rest.
In partnership with MacKenzie Corporation, First Bank’s Center for Family-Owned Businesses surveyed 552 respondents for its “2023 Family Business Survey”.
Growth is critical for businesses that want to gain traction and become a dominant business in their industry. For family-owned businesses focused on longevity and multi-generational leadership, recognizing the warning signs and handling them appropriately can help ensure healthy growth in the future.
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.