Remove family-business
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A Career in the Family Business: Duty or Choice?

INSEAD Knowledge

The career choices made by members of a family enterprise tend to be fraught with tension. Most experience unspoken pressure to join the family business, which becomes a problem when dreams and family expectations are at odds with each other. How do they decide whether to work in their family enterprise?

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Family Business Peer Groups are Gamechangers for the Next Gen

Compass Point

Only 33% of family businesses make it through the second generation with the odds for future generations decreasing significantly from there. If you ask any family business owner, they’ll tell you the journey in a family business is both immensely gratifying and equally challenging.

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Why Peer Groups are Resilient Gamechangers for Next Gen Family Businesses

Compass Point

Only 33% of family businesses make it through the second generation; and the odds for future generations go down significantly from there*. Ask any family business owner, and they will tell you the journey in a family business is both immensely gratifying and equally challenging.

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A Strong Family Business Isn’t Perfect.

Compass Point

This article is part of the “20-Year Look Back” series by Tom Garrity, founder and managing partner of Compass Point Consulting, as he shares insights and reflections on two decades of supporting family business owners. A few insights on how to strengthen family bonds and remain a family in business.

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How to avoid a break in the family & business bond

Compass Point

In working with many families and their businesses, I’ve found that every family has its own unique DNA, behaviors, values, and traditions. How do I help families clear the air of business-related issues so they can share a meal together as a family without tension, drama, and strife? Governance and routine.

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The Many Hats of a Family Business

Compass Point

This article is the second in the “20-Year Look Back” series by Tom Garrity, founder and managing partner of Compass Point Consulting, as he shares insights and reflections on two decades of supporting family business owners. These are the elements to any good, viable business. It’s a matter of hats. Let me explain.

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How To Get Predictable Results in Your Family Business in an Unpredictable World

Compass Point

Businesses falter because they get complacent and/or they assume they will be immune to a downturn in the market, a supply chain disruption, or a talent shortage… to name a few. The 3 different categories in Andy’s quote are defined by the business’ overall health the day BEFORE the uncertainty. Not all the steps, just the NEXT step.

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