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What can fiction teach us about truth?
While both Yellowstone and Succession showcase a variety of exaggerated conflicts rooted in drama, they do an incredible job of capturing the power of family dynamics and headlong emotions. We see animosity, resentment, avoidance and tensions between siblings and generations, all reflections of reality we can learn from.
A conversation with Denis Jaffe and Sean Hutchinson
Listen to Sean Hutchinson interview organizational consultant and clinical psychologist, Dennis Jaffe, PhD. βHe is one of the leading architects of the field of family enterprise consulting and helps multi-generational families develop governance practices that build the capability of the next generation leadership and ensure ongoing capability of financial organizations and family offices to serve their family clients.β
what makes you interesting?
It feels so good when you have a great conversation. But what makes it great? Is it the person, topic, location or some other key feature?
In her book Youβre Not Listening: What Youβre Missing and Why it Matters, Kate Murphy argues conversations are best for all parties when each person feels truly heard. This requires truly listening. Learn more.
how do I beat the family transition odds?
Successful business transitions take intention, communication and planning. This is especially true for family businesses with added complicating factors. First to second generation transitions happen only 30% of the time, second to third only 12% and making it to the fourth and beyond is only successful for 3% for families.
How do I beat the family transition odds? If you are a business owner, the answer to this question is important to you.
successfully spanning the curve
Successfully transitioning a family businesses have dismal statistics. Succession planning in families has built-in complications and yet ongoing legacy depends on it.
5 planning mistakes family businesses can make when planning for transition
βIt is a wise father that knows his own child.β
William Shakespeare, Merchant of Venice
how do I manage unproductive family members who are in the business?
Family businesses come with some unique complications. Managing human resources gets tricky when the team member is also family.
How do I manage unproductive family members who are in the business? If you work in a family business, the answer to this question is important to you.
curvespanning: a new way of thinking about family business transitions
Lack of proper succession planning is primarily to blame for 70% of family businesses failing to transition between first- and second-generation owners.
how do I know if my kids are ready to take over the business?
Family business transitions have their own, specific complications. Determining when your child or children are ready to take on the responsibility of owning and/or running your business requires dedicated attention.
How do I know if my kids are ready to take over the business? If you are a business owner, the answer to this question is important to you.
Family business - a next generation opportunity?
90% of all businesses in the United States are family held. Succession planning within the family can add additional elements and legacy can have an additional level of importance.