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MENUMENU
  • About
    • Overview
    • Board and Staff
    • Underwriters
    • Join Our Team
    • Contact
  • Membership
    • Benefits
    • Directory
    • Ambassadors
    • Join
    • Assistance
  • Events
  • Resources
  • Peer Groups
    • NextGen Peer Group
    • NowGen Peer Group
    • KeyGroup

Resources

Business Resources
  • Business Resources
  • Ownership Resources
  • Leadership Resources
Resources for the different stages a business goes through from start up to decay or regeneration, across time.
Filter Categories
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Start Up Young business founded on entrepreneur model and founders’ ability to offer a product or service.
Growth & Formalization New levels of competition increase as the company leaves the niche market and enters larger more competitive areas. Requires strategic planning and management that may also engage outside professionals and more formal operating processes and procedures.
Maturity & Stability Focus on development of organizational talent and creating a structurally flexible framework to rapidly manage threats or take advantage of opportunities that arise in meaningful ways.
Regeneration Key stakeholders face a strategic choice between further growth and maturity. If growth or reinvention is not prioritized these businesses have a heightened risk of decline.
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Start Up
Growth & Formalization
Maturity & Stabilization
Regeneration
  • anemptytextlline
    Understanding the Key Transitions in the Family Business Life Cycle
    Article
    Understanding the key stages of the family business in relation to ownership, leadership, and business.
    anemptytextlline
  • anemptytextlline
    Part 3, NextGen Series: A Leader in All of Us
    Event
    Medal of Honor recipient Clinton Romesha has taken extraordinary risks for his country and his fellow soldiers, exemplifying the best of the modern military character. Drawing on his lauded service as a sergeant in the War in Afghanistan, Romesha emphasizes how the capacity for leadership and bravery resides within every one of us.
    anemptytextlline
  • anemptytextlline
    15th Annual Family Business Forum: A Story of Family Business Transformation
    Event
    Not many companies have been replaced by the raging technology of the 8-track player and are still here to speak of it. Learn how FIDELITONE transformed their company from a phonograph needle manufacturer to a third-party logistics provider. Hear about their journey as a privately-held company, the key drivers that helped their transformation and how the company continues to sustain growth.
    anemptytextlline
  • anemptytextlline
    Lunch with Leaders: Attracting and Retaining Talent
    Event
    Challenged by attracting talent? The pandemic has added more complexity to creating a workplace that offers engagement.
    anemptytextlline
  • anemptytextlline
    Board of Directors Workshop
    Event
    Come to this program and walk away with practical ideas from attorneys and family business owners for building or utilizing a board of directors.
    anemptytextlline
  • anemptytextlline
    Rightsizing Risk Series: Creating Value for the Future
    Podcast
    As the economy begins to emerge from beneath COVID-related restrictions, many uncertainties remain in the small business sector.
    anemptytextlline
  • anemptytextlline
    Rightsizing Risk Series: Fraud in the Family Business
    Podcast
    The Association of Certified Fraud Examiners expects employee embezzlement to increase by 71 percent over the next 12 months. Is your business prepared? Kristen Spence, Fraud & Litigation Manager for Hungerford Nichols CPAs + Advisors, and Katy Felver, Business Advisor for Hungerford Nichols CPAs + Advisors, shared their advice for managing fraud risk.
    anemptytextlline
  • anemptytextlline
    Banking Relationships that Make an Impact to your Bottom Line
    Podcast
    Family-owned small businesses face lots of challenges. 2K Tool, founded 15 years ago by Heidi Smith and her son Kevin, has navigated a path to growth and success by having a productive partnership with their banker, Old National Bank.
    anemptytextlline
  • anemptytextlline
    New Research Suggests Family Business Profit in Risk Taking
    Podcast
    Family businesses perform better in highly competitive environments if they invest in risky activities like mergers and acquisitions, according to new research on risk aversion versus performance in family-owned firms.
    anemptytextlline
  • Ana Gonazalez
    anemptytextlline
    Schupan & Sons: A West-Michigan Story of Family Business Resilience
    Article
    COVID-19 has hit us all hard, individuals and organizations alike. Family businesses have survived more than one crisis over the years, they are resilient.
    anemptytextlline
  • anemptytextlline
    Three Paths to Growth: Which One Fits Your Company?
    Article
    Read about the three paths to company growth by Wade Wyant of Red Wagon Advisors. Which path are you on: organic growth, execution plus acquisition, or the unicorn.
    anemptytextlline
  • anemptytextlline
    Anatomy of a Deal: Mergers & Acquisitions
    Article
    U.S. market valuations for middle-market companies are at an all-time high according to GF Data, but the cycle may be at a peak. For business owners considering a sale of their company or a similar transition in ownership, it is a good time to learn about and evaluate options.
    anemptytextlline
  • anemptytextlline
    Eight Takeaways from Tax Season for Family Business Owners
    Article
    The largest tax reform in 30 years means CPAs have to relearn the rules. It’s taking longer to digest the rules and translate them as it applies individually to you and your company.
    anemptytextlline
  • anemptytextlline
    Finding Top Talent – When It’s Time to Get Some Help
    Article
    The struggle to find talent is real.  The acute shortage of professional talent is staggering! It might just be time to seek help. 
    anemptytextlline
  • anemptytextlline
    Using Outside Directors in Your Family Business
    Article
    The presence of outside directors in a family-held business adds value and perspective for management.
    anemptytextlline
  • anemptytextlline
    3 Ways Your NextGen Can Increase Your Valuation
    Article
    NextGen leaders have the opportunity to increase the financial value of their company with Revenue Growth, Key Person Risk, and Engage Workforce.
    anemptytextlline
  • anemptytextlline
    Family-Owned Businesses Wrestle with Talent Concerns
    Article
    President of Grand Rapids Label and chair of the Family Business Alliance, Bill Muir discusses how family-owned companies wrestle with talent concerns.
    anemptytextlline
  • anemptytextlline
    Is family part of your brand identity?
    Article
    Working with family can be tricky, but studies that 60 percent of consumers say that they prefer to buy from family businesses.
    anemptytextlline
Resources for the key and controlling stakeholder(s).
Filter Categories
All
Founders Dream First stage of ownership. Owner(s) makes all decisions.
Sibling Partnership Siblings jointly own shares of the business. Leadership maybe singled out to a primary family member.
Cousin Consortium More mature ownership model that includes extended family through multiple generations.
Distant Relatives Extension of the initial family circle to include and facilitate family succession.
Filter Categories
All
Founders Dream
Cousin Consortium
Sibling Partnership
Distant Relatives
  • Feeling overwhelmed
    anemptytextlline
    Why Won't My Parents Retire and Let Me Run the Family Business
    Article
    These issues and others can create barriers to planning for a transfer of the business to the next generation.
    anemptytextlline
  • anemptytextlline
    Understanding the Key Transitions in the Family Business Life Cycle
    Article
    Understanding the key stages of the family business in relation to ownership, leadership, and business.
    anemptytextlline
  • anemptytextlline
    Part 3, NextGen Series: A Leader in All of Us
    Event
    Medal of Honor recipient Clinton Romesha has taken extraordinary risks for his country and his fellow soldiers, exemplifying the best of the modern military character. Drawing on his lauded service as a sergeant in the War in Afghanistan, Romesha emphasizes how the capacity for leadership and bravery resides within every one of us.
    anemptytextlline
  • anemptytextlline
    15th Annual Family Business Forum: A Story of Family Business Transformation
    Event
    Not many companies have been replaced by the raging technology of the 8-track player and are still here to speak of it. Learn how FIDELITONE transformed their company from a phonograph needle manufacturer to a third-party logistics provider. Hear about their journey as a privately-held company, the key drivers that helped their transformation and how the company continues to sustain growth.
    anemptytextlline
  • anemptytextlline
    Entitlement with Kim Eddleston
    Podcast
    As a family business grows, the number of people around it will follow. Kim discusses how to be discerning about who we involve, and how we allocate resources.
    anemptytextlline
  • anemptytextlline
    Building Trust in Sibling and Cousin Partnerships: Moving from Partners of Chance to Partners of Choice
    Article
    Family business expert Dana Telford will share his seven fundamental principles critical to evolving your partnership from one of biological chance to strategic choice. You’ll discover how to think objectively about where you might improve as a partner while also striving to identify and enhance these qualities in your family partners.
    anemptytextlline
  • anemptytextlline
    Your 7-Step Plan for Creating Chaos in Your Family Business
    Article
    If you have spent your career preparing to take over the family business, it can be frustrating to wait for the senior generation to decide that they are ready to retire.
    anemptytextlline
  • anemptytextlline
    Female Leadership in the Family Business
    Podcast
    New research on gender diversity in family businesses shows that women tend to be more upbeat about business performance than men — but that changes if the women are in leadership positions.
    anemptytextlline
  • anemptytextlline
    Exit Planning Series – Are you Ready to Make an Ownership Transition?
    Article
    A transition of company ownership, whether internal or external, is a complex process. Before attempting to sell a business, owners should make sure they are ready. This means determining their desired outcome, developing transition thinking, understanding options, and assembling a solid advisory team.
    anemptytextlline
  • anemptytextlline
    Family Businesses are Different
    Article
    If you own a business with another family member, you know that family businesses are different than other companies. A lot can be said about how, but I'd like to point out one area you may not be aware of. 
    anemptytextlline
  • anemptytextlline
    Family Succession: How to Achieve Equity
    Article
    Family businesses need to pass along ownership to certain members of the next generation who are most capable of continuing the business. Second, they should also strive to equally divide "all" assets so family members who don't receive business ownership will still feel they are treated fairly.
    anemptytextlline
  • anemptytextlline
    Four Steps to Increase Separation Between Work and Family
    Article
    There are steps family members and coworkers can take in order to create a more advantageous and harmonious work environment.
    anemptytextlline
Resources for the various experience and engagement levels of family leadership in the business.
Filter Categories
All
Leading the Business Control is held to either one primary family leader or shared among siblings. Leadership oversees all strategy and operations.
Joining the Business

 Introduction of the potential successor(s) to build professional experience, operational experience and respective industry knowledge. Younger generations are learning the business operations and are in the early stages of leadership. At this stage, business implements professionalization of roles and key formal processes are developed.
Working Together Next generation has its own visions and often a strong desire to introduce more strategic thinking, maybe taking on mid-level roles in management. Expansion phase is often linked to the family business’ need for restructuring which may include development of board of directors, family governance policies, and family council meetings to create effective management and direction.
Passing the Baton Leadership succession can span more than a decade as a succession plan is created and implemented. Each generation transitions to new roles both internally and externally. The family may also sell or expand to different markets. A Family Business may evolve to a Family Office.
Filter Categories
All
Leading the Business
Joining the Business


Working Together
Passing the Baton
  • Feeling overwhelmed
    anemptytextlline
    Why Won't My Parents Retire and Let Me Run the Family Business
    Article
    These issues and others can create barriers to planning for a transfer of the business to the next generation.
    anemptytextlline
  • anemptytextlline
    Understanding the Key Transitions in the Family Business Life Cycle
    Article
    Understanding the key stages of the family business in relation to ownership, leadership, and business.
    anemptytextlline
  • anemptytextlline
    Transition to Transformation - Capital Structures That Work For You.
    Event
    anemptytextlline
  • anemptytextlline
    Strategic Planning for the Next Generation
    Event
    Join us for this workshop where subject matter experts will offer insight into NextGen planning in the three critical spheres: family, business, and ownership. It is essential for family businesses to effectively plan in each of these separate, but overlapping, spheres in order to prepare the rising generation to participate in each sphere that will likely include them in the future.
    anemptytextlline
  • anemptytextlline
    Part 3, NextGen Series: A Leader in All of Us
    Event
    Medal of Honor recipient Clinton Romesha has taken extraordinary risks for his country and his fellow soldiers, exemplifying the best of the modern military character. Drawing on his lauded service as a sergeant in the War in Afghanistan, Romesha emphasizes how the capacity for leadership and bravery resides within every one of us.
    anemptytextlline
  • anemptytextlline
    15th Annual Family Business Forum: A Story of Family Business Transformation
    Event
    Not many companies have been replaced by the raging technology of the 8-track player and are still here to speak of it. Learn how FIDELITONE transformed their company from a phonograph needle manufacturer to a third-party logistics provider. Hear about their journey as a privately-held company, the key drivers that helped their transformation and how the company continues to sustain growth.
    anemptytextlline
  • anemptytextlline
    Lunch with Leaders: Attracting and Retaining Talent
    Event
    Challenged by attracting talent? The pandemic has added more complexity to creating a workplace that offers engagement.
    anemptytextlline
  • anemptytextlline
    Entitlement with Kim Eddleston
    Podcast
    As a family business grows, the number of people around it will follow. Kim discusses how to be discerning about who we involve, and how we allocate resources.
    anemptytextlline
  • anemptytextlline
    The Family Constitution: A Foundation for Family Alignment
    Article
    Family constitutions (and similar documents referred to as “charters” or “protocols”) are often a centerpiece of family agreements and governance for mature family enterprises; yet, the purpose and origin of the constitution can be very different from family to family.
    anemptytextlline
  • anemptytextlline
    Changing Disagreement into Dialogue: How to Manage Conflicts and Enhance Communication
    Article
    Conflict is a natural component of family relationships, and it affects family enterprises in several ways. Many families benefit from the healthy expression of disagreement and managing conflict proactively. Still, others struggle with conflict that may originate from years before and continues to impede the family’s ability to make business decisions or enjoy their family relationships.
    anemptytextlline
  • anemptytextlline
    Your 7-Step Plan for Creating Chaos in Your Family Business
    Article
    If you have spent your career preparing to take over the family business, it can be frustrating to wait for the senior generation to decide that they are ready to retire.
    anemptytextlline
  • anemptytextlline
    Rightsizing Risk Series: Creating Value for the Future
    Podcast
    As the economy begins to emerge from beneath COVID-related restrictions, many uncertainties remain in the small business sector.
    anemptytextlline
  • anemptytextlline
    Rightsizing Risk Series: Fraud in the Family Business
    Podcast
    The Association of Certified Fraud Examiners expects employee embezzlement to increase by 71 percent over the next 12 months. Is your business prepared? Kristen Spence, Fraud & Litigation Manager for Hungerford Nichols CPAs + Advisors, and Katy Felver, Business Advisor for Hungerford Nichols CPAs + Advisors, shared their advice for managing fraud risk.
    anemptytextlline
  • anemptytextlline
    Banking Relationships that Make an Impact to your Bottom Line
    Podcast
    Family-owned small businesses face lots of challenges. 2K Tool, founded 15 years ago by Heidi Smith and her son Kevin, has navigated a path to growth and success by having a productive partnership with their banker, Old National Bank.
    anemptytextlline
  • anemptytextlline
    Leadership Skills that Deliver
    Podcast
    Do you know who you really are? You better if you want to be an effective business leader. Self-awareness is crucial to leadership, says Rob Elliott, a partner in Pondera Leadership Consulting. He talked recently with Sheri Welsh for The Welsh Wire podcast, sponsored by the Family Business Alliance.
    anemptytextlline
  • anemptytextlline
    The Secret to Effective Family Business Leadership
    Podcast
    “You have to know who you are before you can lead effectively, and that’s really the core of it,” says Tom Emigh, Leadership Coach & Principal for Acorn Leadership. “Identity is about the question, who am I?” Emigh talked recently with Sheri Welsh for The Welsh Wire podcast, sponsored by the Family Business Alliance.
    anemptytextlline
  • anemptytextlline
    Understand the Complex Dynamics of Successful Decision Making
    Podcast
    Navigating the complex dynamics of decision-making can be one of the biggest challenges to family business success.
    anemptytextlline
  • anemptytextlline
    New Research Suggests Family Business Profit in Risk Taking
    Podcast
    Family businesses perform better in highly competitive environments if they invest in risky activities like mergers and acquisitions, according to new research on risk aversion versus performance in family-owned firms.
    anemptytextlline
  • anemptytextlline
    Female Leadership in the Family Business
    Podcast
    New research on gender diversity in family businesses shows that women tend to be more upbeat about business performance than men — but that changes if the women are in leadership positions.
    anemptytextlline
  • anemptytextlline
    Why Won’t My Parents Retire and Let Me Run the Family Business?
    Article
    If you have spent your career preparing to take over the family business, it can be frustrating to wait for the senior generation to decide that they are ready to retire.
    anemptytextlline
  • anemptytextlline
    Exit Planning Series – Are you Ready to Make an Ownership Transition?
    Article
    A transition of company ownership, whether internal or external, is a complex process. Before attempting to sell a business, owners should make sure they are ready. This means determining their desired outcome, developing transition thinking, understanding options, and assembling a solid advisory team.
    anemptytextlline
  • anemptytextlline
    How Servant Leadership Can Ensure the Long-Term Success of the Family-Owned Business
    Article
    Servant leadership, a philosophy in which the main goal of the leader is to serve, differs drastically from the traditional leadership model where the leader's main focus is the thriving of their company or organization. 
    anemptytextlline
  • anemptytextlline
    Eight Takeaways from Tax Season for Family Business Owners
    Article
    The largest tax reform in 30 years means CPAs have to relearn the rules. It’s taking longer to digest the rules and translate them as it applies individually to you and your company.
    anemptytextlline
  • anemptytextlline
    Succession can be Non-Family Too
    Article
    Many family businesses believe that succession only involves developing leadership within the next generation. Often this is true. But with the advent of millennials seeking careers outside the family business, many companies are looking for other succession options.
    anemptytextlline
  • anemptytextlline
    Family Succession: How to Achieve Equity
    Article
    Family businesses need to pass along ownership to certain members of the next generation who are most capable of continuing the business. Second, they should also strive to equally divide "all" assets so family members who don't receive business ownership will still feel they are treated fairly.
    anemptytextlline
  • anemptytextlline
    Four Steps to Increase Separation Between Work and Family
    Article
    There are steps family members and coworkers can take in order to create a more advantageous and harmonious work environment.
    anemptytextlline
  • anemptytextlline
    Using Outside Directors in Your Family Business
    Article
    The presence of outside directors in a family-held business adds value and perspective for management.
    anemptytextlline
  • anemptytextlline
    3 Ways Your NextGen Can Increase Your Valuation
    Article
    NextGen leaders have the opportunity to increase the financial value of their company with Revenue Growth, Key Person Risk, and Engage Workforce.
    anemptytextlline
  • anemptytextlline
    Family-Owned Businesses Wrestle with Talent Concerns
    Article
    President of Grand Rapids Label and chair of the Family Business Alliance, Bill Muir discusses how family-owned companies wrestle with talent concerns.
    anemptytextlline
  • anemptytextlline
    Is family part of your brand identity?
    Article
    Working with family can be tricky, but studies that 60 percent of consumers say that they prefer to buy from family businesses.
    anemptytextlline

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  • Membership
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    • Benefits
    • Directory
    • Ambassadors
    • Join
    • Assistance
  • Events
  • Resources
  • Peer Groups
    ▼
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    • NowGen Peer Group
    • KeyGroup
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