Spotlight
Surviving Disruptions
Disruptions happen to even healthy business families—death in the family, new entrants, inequality developing, and family members with personal struggles, to name a few. At such times, decisions can become entwined with emotions that you haven’t had to navigate. Without some preparation for such disruptions, both your business and family could fall apart under the strain. Here’s how to anticipate, plan for, and navigate them when the time comes.
01.
New People in the Family
The way you treat new family members, especially spouses, as they enter will have long-lasting implications on family business continuity. Here’s how to navigate the different dynamic it creates.
02.
Family Inequalities
Over time, relationship dynamics, different positions within the family business, and succession planning can all play a role in creating a sense of inequality. You can’t avoid inequality, but you can manage it.
03.
Behavioral Health Issues
Behavioral health issues, common in all families, can have an especially big impact on business families. Here’s how to help the struggling family member, while navigating the complex family dynamics that arise.
04.
Death in the Family
Proper estate and succession planning are critical for reducing the impact of a death on your family business (and business family). Here’s how to think about planning so you will be prepared to navigate these difficult circumstances.
05.
How to Stabilize After a Disruption
Stabilizing after a disruption within your family business is just as important as surviving one. So how do you get things back on track? Here’s how to navigate these disruptions so your family business can continue to thrive.
