Why are mature family-owned businesses vulnerable to decline and failure?

From a strategic perspective, family-owned enterprises are most susceptible to accelerated decline and failure precisely because of their own reliance on the individual entrepreneur or next-generation CEO. The hero, who founded and led the young business to accelerated growth, displays a natural disdain for organizational architecture, and for establishing systems, professional managerial practices, and governance… Read more »

Service Providers Roundtable Wrap-Up

On November 13, FBLI service provider members got together to hear a breakfast presentation by Dan Matola, CFA, President and Chief Investment Officer of Jacobus Wealth Management. Dan provided an overview of the current economy and what it means for family owned service provider businesses. Some key take away points: -The US economy is picking… Read more »

Why do ownership structures that worked well in one generation often prove ineffective in later generations?

 “What got you here won’t get you there” is the name of a book written by Marshall Goldsmith, executive coach to successful Fortune 500 CEO’s. It’s also a statement that applies to the company’s organizational structure as the family business moves from generation to generation. The reason is simple: the organizational complexity increases as the number… Read more »