Family Wealth Library

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. familywealthlibrary.com/post/5-organiz…

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? familywealthlibrary.com/post/7-leaders…

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. familywealthlibrary.com/post/how-to-re…

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. familywealthlibrary.com/post/how-are-y…

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. familywealthlibrary.com/post/transitio…

The transition from founder to the next gen is one of the hardest transitions a family enterprise will face. Ostensibly the best way to transition—and ensure the longevity of both business and family—is by understanding wealth as well-being.  familywealthlibrary.com/post/how-to-tr…

Crises, disruptions, breakdowns—for family business leaders, these are known as “heat experiences.” What exactly are heat experiences? And why should family business leaders care about them? Find the answer in this article. familywealthlibrary.com/post/bring-the…

In 2025, Crown Castle sold its relatively new fiber optics business. And your family business can learn a thing or two from Crown Castle’s decision. Here are three takeaways. familywealthlibrary.com/post/3-family-…

Traditional strategic planning is out. Our world is too fast-paced and too complex for traditional planning to guide family businesses today. So, what do family businesses need in order to keep up with the world? Adaptive strategic planning. familywealthlibrary.com/post/what-is-a…

In the coming decades, we will witness a significant wealth transfer. For family businesses, that means planning for the long-term. But families shouldn’t just plan for the long-term. They should create a sustainable plan. Learn more here. familywealthlibrary.com/post/family-bu…

Most are familiar with the seven “deadly sins.” But not many have considered how those “sins” take root in their family business. Read examples of each “sin” in this article. familywealthlibrary.com/post/the-seven… #familybusiness

Leaders across all industries are facing the same problem: the demands to solve problems in the here and now. Too often this takes priority over long-term strategic thinking. Here’s why family business leaders need to foster this type of thinking. familywealthlibrary.com/post/developin…

Does your family business have a family investment policy? If not, then you need to read this article. A family investment policy is critical to long-term family health—and here’s why. familywealthlibrary.com/post/developin… #familybusiness

Money—it represents different goals to different people. And in a family business, those varying goals can lead to problems. It’s the job of the family business advisor to help families understand underlying beliefs about money. Read on. familywealthlibrary.com/post/underlyin…

It’s easy for family business directors to focus on the most pressing business decisions. But ignoring lower-priority matters may be harming your business’s long-term health. Here are seven low priority matters to check on in your family business. familywealthlibrary.com/post/7-tasks-f…

All family businesses engage in capital budgeting. But some don’t realize what they’re doing. This video breaks down what capital budgeting is—and common pitfalls to avoid.  familywealthlibrary.com/post/capital-b… #familybusiness #capitalbudgeting

Wealth disparity between siblings is visible. When left unaddressed, it can strain relationships and even impact business decisions. This guide outlines eight steps to foster conversation about wealth disparity. familywealthlibrary.com/post/8-steps-t… #wealthdisparity

Naming a family business successor is crucial to long-term success. But too many families get the process wrong. The process starts by identifying leadership potential in the Next Gen—and then building that talent up. Discover tips on how to do this. familywealthlibrary.com/post/how-to-id…

When it comes to conversations about compensation, most family businesses avoid the subject. But unclear compensation plans may persuade Next Gen members to ditch the business for something else. Here’s how your family can design a clearer plan. familywealthlibrary.com/post/does-your…

How does your family business operate—on equality or fairness? Too often families equate equality with fairness without realizing they’re different concepts. Learn about the difference between the two and how your family can redefine fairness.   familywealthlibrary.com/post/equality-…