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.
It’s not always easy working in a family business as a family member—but working for that family business as an in-law can be a whole other challenge. BanyanGlobal’s Josh Baron and Rob Lachenauer describe the best way to work together effectively and successfully.
Although producing a high-quality product or service that consumers want or need is essential to a successful, sustainable family business model, there’s yet another component that shouldn’t be overlooked: building authentic client relationships.
On this episode of From the Hart podcast, Ed Hart, Director of First Bank’s Center for Family-Owned Businesses, has a conversation with Certified Forensic interviewer, founder of the company InQuasive, and author of the book "The Disciplined Listening Method", Michael Reddington, about becoming a disciplined listener, a better communicator and, thus, a better leader.
In order for a business to be successful, an organization’s leadership often concentrates on the more common business side of the business, including the balance sheet, quarterly sales, and marketing strategies, as well as building a customer-centric culture.
Each generation brings different thoughts and skillsets to the proverbial table and, unfortunately, these don’t always align. Nearly every family has its fair share of issues that has caused rifts and ripples between family members. In some cases, these disputes can go on for months, or even years, over perceived hurts.
The First Bank Center For Family-Owned Businesses held a webinar on navigating the hidden dangers in a family business.