Bringing in a new boss
The family council plays a key role in finding and onboarding a non-family CEO. This post is only available to members. The post Bringing in a new boss appeared first on Family Business Magazine.
View ArticleBringing in a new boss
No role in a business gets more scrutiny than the chief executive. One might argue they get too much credit when things are going well, but they also receive more than their fair share of blame when...
View ArticleDon’t skip the reunion
My grandma passed away earlier this year. She was 94 — the last living blood relative from the second generation of the Schmid family. The phrase “one of one” gets thrown around a lot, but I am 100%...
View ArticleTransitions can (and should) be fun. Here are some ways to make that happen.
Transitions — in just about every way, shape and form — are hard. In family businesses, a transition can be downright daunting. The outgoing generation has to find a way to prepare the next one for the...
View ArticleLegacy and wealth are intertwined. Here’s how to make them both last.
When things go right in a family business, it can lead to substantial wealth creation. On the surface, that’s a great thing — who wouldn’t want financial security and the ability to take care of...
View ArticleTo work or not to work elsewhere first
Imagine conducting an anonymous poll of 100 family business leaders. You ask the group if they think family members need outside work experience before joining the business. How many would say yes?...
View ArticleStrategies for squashing squabbles
Family-owned businesses have so many awesome upsides — superior value creation over time, a shared purpose and lots of time spent with those closest to us. That being said, they can also be a breeding...
View ArticleHow to keep ‘Succession’ out of your succession
With its slew of Emmys and millions of viewers, the acclaimed HBO series Succession has clearly struck a chord. The comedy-drama vividly portrays an iconic founder dealing with the turmoil that comes...
View ArticleClik here to view.
With each generation, new challenges
My great-grandfather Titus Schmid, the founder of Crescent Electric Supply Company, emphasized that people were the lifeblood of the company — not just its employees and customers, but all...
View ArticleClik here to view.
Beyond Inheritance
By Charlie Rhomberg Leaving a legacy of values L egacy is one of those things that’s tricky to nail down, but you know it when you see it. Some equate it with leaving a pile of money or thriving...
View ArticleClik here to view.
Is your family business entrepreneurial?
By Charlie Rhomberg Keep a transformative mindset that challenges the status quo W hen I hear the word “entrepreneur,” it triggers images of a trailblazing pioneer with a great idea, unrelenting...
View ArticleEducating the next generation
It’s a mantra that we in family businesses hear all the time: In order to survive for the long haul, there needs to be a focus on maintaining an active and engaged shareholder base. But there’s no...
View ArticleThe Secret to NextGen Success
I‘ve been playing with ChatGPT a lot in the last few weeks, both for fun and work. The program is incredible—it can write working code, college-level essays, and explain Aristotle in the voice of a...
View ArticleThat time I helped my mom with a Google Doc
Earlier this year, I called my dad to tell him I was leaving my corporate job to try my hand at writing full-time. He was stunned. He couldn’t fathom how I’d decided to leave a stable career and...
View ArticleKeeping it all together
My great-grandfather Titus Schmid, the founder of Crescent Electric Supply Company, emphasized that people were the lifeblood of the company — not just its employees and customers, but all stakeholders...
View Article
/pic9814888.png)
/fit-in/580x348/filters:format(webp)/english-betterindia/media/media_files/2026/09/17/balaghat-4-2026-09-17-19-01-31.png)
