Family Owned Business


8 Reasons NOT to Develop an Advisory Board

The survival and success of privately held and family owned businesses depends on many factors. One of the most significant factors is a board of advisors. Yet an American Family Business Survey reports that almost half the boards of these types of businesses meet only once or twice a year, over 60% don’t compensate directors,…


Can a Company Have Co-CEOs?

Co-founders, family-owned businesses, and professional service firms often have this arrangement. There can only be one real head of the company, no matter what title each person has. If employees aren’t clear about who’s going to make key final decisions, it creates indecision and anxiety. Verne Harnish (author of Mastering the Rockefeller Habits) recently wrote…