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 decision to sell a business can be difficult, especially when it’s a family business. How does a family business leader determine when it’s time to sell the family business and how can he or she best ensure a successful sale?
This article describes the “cold feet” phenomenon of business owners when preparing to sell or transition their business. The author shares a valuable tool, established by Orange Kiwi, that measures critical variables that are indicators of success.
This article provides critical insights to help owners pivot their leadership approach to achieve a successful business succession. The author shares five threats owners must overcome to eventually transfer management and governance of their family business.
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.
This article, “Building Your Legacy,” written by Joshua Nacht and originally published in Family Business Magazine, discusses the process in which multi-generational family businesses develop a sustainable legacy.
Finding, grooming, and retaining top talent to grow a family-owned business is critical to its long-term success. First Bank’s Chief Executive Officer Shelley Seifert is retiring at the end of the year and Mikel Williamson, an experienced banking executive and First Bank president, will be promoted to CEO. This important transition is bringing executive leadership transitions front and center for First Bank.