Single Family Offices: More Than Numbers
Imagine your family has just come into a great deal of (liquid) Read about the four big considerations that we think of as the guardrails of starting a family office.
Why Family Office leaders should cultivate white space
You've just walked out of an estate planning meeting, your next meeting is to review new cybersecurity threats, and suddenly you get a call from a family member. Feeling overwhelmed yet?
Family Businesses Must Plan for the Unthinkable
Why do we, as humans, tend to minimize real threats, and what can family businesses do to appropriately prepare for existential hazards?
A Moment to Pause and Reflect
The unprecedented uncertainty in our world has made it more imperative that family enterprises commit to an ongoing practice to develop their capacity and their agility.
Generation6 Advisor Insights: Family Business Philanthropy
“[Philanthropy] brings the family members together in an area of engagement that brings out the best in us where we can contribute for the benefit of others and that is not limited to the business.”
Developing the Next Generation of Leaders
One the most important things that families who seek to maintain ownership across generations can do is to prepare the next generation for their unique leadership roles.
The current employment squeeze: Curse or blessing in disguise?
Not a single board I am on nor any of the other multitude of business leaders I am in contact with are free from the current wage pressures, perhaps the highest we’ve seen in more than thirty years.
Dealing with Entitlement
How can business owners avoid having their children fall into a sense of 'negative entitlement', or a right to wealth? Appropriate guidelines and limits allow the next generation to build a sense of self, self control and responsibility.
Dealing with the current and coming capacity squeeze
As we are experiencing a serious reduction in manufacturing capacity - as a nation and perhaps globally - I am advocating for an ‘invest in the future’ approach, counter to the tendency to play it safe in times of uncertainty.
Untangling The Family Business 'Myth'
Famous family dynasties are riddled with mythology, not least that the patriarch (usually) is the engine room of the business without which it would fail. But every myth has its dark side.
A few thoughts on dividends in the family business
Disagreements about dividends can cause serious family conflicts. Family business leaders are left hanging when it comes to developing a dividend policy that supports the business and fits their family’s values, needs, and objectives.
Family shareholder agreements and family-practice fit: What works for your family?
Families often struggle with developing family (governance) policies that not only work for the long term, but that also adequately reflect and reinforce the family’s values and objectives. Shareholder agreements are a case in point.
Towards board excellence: Lessons learned from family business board evaluations
What do high-functioning family business boards do well? Read our learnings from years of working with and on family business boards.
Developing future leaders in family business
How can enterprising families support the rising generation in becoming strong leaders and stewards of the family business?
Successful successions are never smooth
What characterizes a successful transition of family ownership and leadership?
Understanding the Business Family | Part I
Why is it essential for a business family to understand the family dynamics at play when family members engage with one another?
Family cohesion: Stick together to stay together
Cohesion is a key characteristic of long-lived enterprising families - and it has distinct facets that should be addressed simultaneously.
Understanding the business family | Part II
Why is it essential for a business family to understand the family dynamics at play when family members engage with one another?
Have you ever considered working with a leadership coach?
If you are a leader in your family or family enterprise, do you have a safe, neutral place to process the challenges and opportunities, all in the context of developing your capacity and agility as a leader?
Inaugural post: Message from the founders of Generation6
Decades of working with enterprising families have shown us that when done right, the family’s involvement benefits both the family and its enterprises.