Family Wealth Library

[Family Wealth Library @famwealthlib]

A look at the balance sheet seems to confirm it all—the family business is profitable. And therefore healthy. But not all profitable family businesses are sound. Some are quietly falling apart. What are the warning signs? Check out this article. https://t.co/b8XuPs2Fld

[Family Wealth Library @famwealthlib]

We stand on the precipice of the greatest wealth transfer in human history. Trillions will be handed from one generation to the next in the next 20 years. Is your family tracking these six indicators? If not, this article explains why you should be. https://t.co/Qy9ns7vF6s

[Family Wealth Library @famwealthlib]

Disagreements, disputes, conflict—they’re often used interchangeably to reference the umbrella term “conflict.” But these three are not the same. And when a solution geared towards solving a disagreement is applied to a conflict? It’s not going to work. https://t.co/OBUNF6GQmW

[Family Wealth Library @famwealthlib]

There comes a point in all family businesses where the leadership question whether they should continue. It’s a tough decision. One way to help make an informed decision is through a family retreat. Read how one family’s retreat helped save their business. https://t.co/6obnkByZbI

[Family Wealth Library @famwealthlib]

The best way to avoid potential family business conflict is through governance structures. But one critical structure is too often overlooked: the family investment policy. Here’s how this governance can preserve stability in your family business.  https://t.co/VGoBplaV13

[Family Wealth Library @famwealthlib]

Too often parents aren’t ready for the “money talk” with their kids. They turn to financial education—and experts—for help. What they don’t realize is that financial parenting has an equally important part to play in their kids’ future wealth management.
https://t.co/DzuDrfXhYi

[Family Wealth Library @famwealthlib]

We’ve all heard the maxim, “The best offense is good defense.” The same can’t be said for family business governance. Discover how defensive governance harms family business—and 10 signs that your family’s struggling with defensive governance—here. https://t.co/UQej5Pmhpg

[Family Wealth Library @famwealthlib]

Family offices are typically the go-to resource when it comes to structuring wealth. But how can families choose the right office for them? This article has the answer. https://t.co/5Dw3AFB8Il

[Family Wealth Library @famwealthlib]

Communication is the number one piece of advice given to businesses. But it’s not always clear how to communicate effectively and make conversations productive. This article outlines ten tips to help you get started. https://t.co/xAA4GWAzxe

[Family Wealth Library @famwealthlib]

Is your family business prepared for an unsolicited acquisition offer? Most families aren’t—and they respond impulsively. Follow these five steps to better prepare for unsolicited offers.  https://t.co/IVuS6mOeyN #familybusiness #aquisitions

[Family Wealth Library @famwealthlib]

Advisors to legacy families are experts at protecting financial capital. But what about the relationships that give it meaning? Here’s how advisors can support the couples at the heart of generational wealth. https://t.co/G8HHCg4oKJ

[Family Wealth Library @famwealthlib]

What does your family business’s succession plan look like? If it’s only concerned with preparing the next CEO, then that may be a problem. Here’s why.

https://t.co/o8Clz6304T

#successionplan #familybusiness

[Family Wealth Library @famwealthlib]

Succession planning is rarely prioritized in family businesses. “Yes, it’s important. But it doesn’t need to be discussed now,” is the sentiment among leaders. Here’s why leaders need to prioritize succession planning. https://t.co/E5ZiYHw8vj #familybusinesses #successionplanning

[Family Wealth Library @famwealthlib]

Values guide family business decisions, relationships, and legacy. But too often they’re simply words on a wall, not lived out in day-to-day behavior. Here are practical steps on how to rethink your family business’s values. https://t.co/afcshDxUL4

[Family Wealth Library @famwealthlib]

It’s a common assumption that business family values are set in stone. They are to be preserved—and never changed. But new research suggests that long-lasting business families treat values differently. Read more here.

https://t.co/qpiuwxDsa1 #familybusiness #familyvalues

[Family Wealth Library @famwealthlib]

Poor communication is a pestering problem in family businesses. But when addressed it doesn’t go away. That’s because there are organizational issues that masquerade as poor communication. Discover those organizational issues in this article.

https://t.co/v13iT0qtLb

[Family Wealth Library @famwealthlib]

Most family business leaders have their default leadership traits: problem-solving, empathy, coaching, and others. The best leaders embody multiple traits that are then employed in various situations. What traits should leaders develop? https://t.co/ctUh49a19H

[Family Wealth Library @famwealthlib]

When family business leaders don’t trust one another, it translates directly into the business. Clients, partners, vendors—they no longer want to work with the business. How can family businesses rebuild trust between leaders? Check out this article.

https://t.co/Fhvw6J5nKz

[Family Wealth Library @famwealthlib]

With family growth comes extra levels of complexity. That complexity can strain governance structures. Check out the common warning signs of “overloaded structures” and what you can do to fix this destructive problem.

https://t.co/RZqyen3Tjc

[Family Wealth Library @famwealthlib]

Founders are often asked what they’ll do after they leave the business. They’re rarely asked who they will become. After exiting the business, founders can step into a new—but even more important—role in the family business. https://t.co/s0pYixrFTA