Published in CEO World Magazine. March 26, 2024
Family businesses are inherently more complex than other businesses because family dynamics are more complex. Although family businesses drive a huge part of every economy in every corner of the world, there is a scarcity of resources designed...
International Business Times
By Declan Lafray
Published 03/20/24 AT 10:38 AM EDT
Throughout history and in every corner of the world, family businesses are the social fabric of every community. These businesses come in every size and are in virtually all industries, from agriculture to finance,...
Published in USA Today, March 9th, 2024
The world is currently in the middle of the largest transfer of wealth in human history – valued at $68 trillion – with the Baby Boomer generation retiring and passing on their wealth, including...
Published in Tharawat Magazine
2023-11-09
The largest wealth transfer in human history is happening now, with over $74T USD being transferred from older to younger, next-generation, rising leaders. Family business leaders are confused, impatient, and aware of the urgent changes required to sustain...
Show me any successful leader and I’ll ask about their teams. Individuals always fail. Teams determine success.
As a next gen leader, who do you currently have on your team? If you don't feel you currently have a robust team of support around you, who needs to be on your team in 2024?
One...
Recently, I attended the Purposeful Planning Institute’s 2023 conference with 240 people from over 20 disciplines. Most were wealth advisors, estate attorneys and business psychologists (like me). All struggled to answer the question, “What is family capital?”
Economists...
Those of us who work as advisors for leaders in a family business-- wealth advisors, attorneys, and business psychologists-- know that advising is a complex and rewarding process. Family systems are always complex. I think we have an obligation to serve those systems.
As an...
Recently, we joined the Disruptive Successor Show, a podcast for next-generation leaders in family businesses and entrepreneurs who are determined to disrupt the status quo. In this episode, our co-founder Doug Gray, Ph.D. explored effective tools designed to support leadership development...
Recently, our co-founder Doug Gray Ph.D., joined the FFI Practitioner podcast (Listen Here) to talk about how positive psychology can help family enterprises flourish. Doug, a consultant with the Family Business Consulting Group, has extensive experience working with leaders in various sectors,...
Last week I had lunch with a G4 leader who said, “I want to thank you for being one of my mentors.” Then she spent an hour updating me on the sale of a commercial property, her siblings and parents, and her excitement about the next phase of their business. In short,...
In the first part of this series, we identified the two most important behaviors for leaders to practice in a family enterprise, based on our research, and the four assumptions we used in order to reach this finding.
Yes, you can learn to create a better organization!
Just as...
The field of psychology is only 100 years old, and the field of Positive Psychology is about 25 years old. In 1998, executives at the American Psychological Association, led by Martin Seligman, realized they had a problem. Over 60% of the research to date focused on negative topics, like anxiety,...
