Family Business Magazine

Summer's over... Time to get serious about your legacy! Meet Jim Taylor, Board Chair and Executive Vice President of Strategic Initiatives at ABARTA, Inc., and #KeynoteSpeaker at our upcoming Family Business Legacy event. Jim will discuss how #governancestrcutures and #familyengagement have been pivotal to the company and #familylegacy. #Legacy #FamilyBusinessLegacy #familybusinessevents @James A. Taylor For more details and to register: https://lnkd.in/gKzht6JA

In our latest Q&A on leadership, Paula A Marshall, chairman & CEO of The Bama Companies, Inc, talks forging lasting partnerships, the importance of passion in a family business and the day her father sold a million pies to Ray Kroc. https://lnkd.in/gx_Daq3J #familybusiness

Summer's over... Time to get serious about your legacy! Meet Katy Wilder Schaaf, Vice Chair of the Board of Directors at E. Ritter & Company, and speaker at our upcoming Family Business Legacy event. Katy will discuss how the #familycouncil and board of directors educates and engages the #nextgeneration in family and business governance. #Legacy #FamilyBusinessLegacy #familybusinessevents @Katy Wilder Schaaf, Ph.D. For more details and to register: https://lnkd.in/eiX5aW5Z

Summer's over... Time to get serious about your legacy!   Meet Mitch Eiting, Global Philanthropic & Corporate Giving Manager at Midmark Corporation and speaker at our upcoming Family Business Legacy event. Mitch will discuss his family council’s approach to #philanthropy and how their #governancestructures allow them to give back to the community. #Legacy #FamilyBusinessLegacy #familybusinessevents @Mitch Eiting   For more details and to register: https://lnkd.in/eiX5aW5Z

What do you get when you mix together two foodies who have entrepreneurial dreams but no experience in their chosen marketplace? For best friends and brothers-in-law Pat Ford and Tim Welsh, the yield is Beehive Cheese Company, BLLC and its globally recognized, award-winning, rubbed-rind American artisan fromage, crafted in the dairy farmlands around Ogden, Utah. https://lnkd.in/e49WtgKx #familybusiness

Successful family business leaders focus on their business governance by creating business boards. But they also recognize that their businesses are only a piece of their families’ story. Family councils can serve as equally powerful stabilizing structures for enterprising families because they provide a legacy-focused complement to business boards. Family councils provide the critical governance to support a family’s affairs well beyond the business, particularly when it is a multigeneration, multi-branch legacy family. Jeremy S. Lurey, Ph.D. of The Family Business Consulting Group, Inc. (FBCG) provides guidance on laying a strong foundation for generational success. https://lnkd.in/eWNFFQWc #familybusiness #governance #familycouncils

Summer's over... Time to get serious about your legacy!   Meet Jill Barber, President of CYMI Holdings and speaker at our upcoming Family Business Legacy event. Jill will discuss how to structure your #familyoffice to allow for both collective and individual investing. #Legacy #FamilyBusinessLegacy #familybusinessevents @Jill Barber   For more details and to register: https://lnkd.in/eiX5aW5Z

Summer's over... Time to get serious about your legacy!   Meet Nany Bruns, Board Chairman for the Dickinson Group and speaker at our upcoming Family Business Legacy event. Nancy will discuss strategies and plans to position their family wealth and legacy for future success. #Legacy #FamilyBusinessLegacy #familybusinessevents @Nancy Bruns   For more details and to register: https://lnkd.in/eiX5aW5Z

Successful family business leaders focus on their business governance by creating business boards. But they also recognize that their businesses are only a piece of their families’ story. Family councils can serve as equally powerful stabilizing structures for enterprising families because they provide a legacy-focused complement to business boards. Family councils provide the critical governance to support a family’s affairs well beyond the business, particularly when it is a multigeneration, multi-branch legacy family. Jeremy S. Lurey, Ph.D. of The Family Business Consulting Group, Inc. (FBCG) provides guidance on laying a strong foundation for generational success. https://lnkd.in/eWNFFQWc #familybusiness #governance #familycouncils

Recruiting your first external CEO is a big decision for any family business. Often, it can take years to decide to recruit from outside the company. Most family firms don’t embark on an external search until only after the painstaking process of evaluating a range of internal options (both family and non-family) and weighing the interests of the various stakeholders who will be affected by the decision. While making the decision to recruit an external CEO may be an accomplishment, it is just the beginning of the succession journey. The hard part is next: identifying, attracting and hiring your next CEO. As Heather O'Keefe and Jason Hecker of Egon Zehnder write, the most overlooked step in CEO recruitment is stakeholder management. The human aspect of the recruiting process, including how to best work with stakeholders, is vital to a smooth transition. https://lnkd.in/gvpmyqgx #familybusiness #CEO #executiverecruitment