Women in Family Business
In today’s technologically advanced and highly distracted world, we have more information available to us than ever before. While this increase in knowledge can be a great advantage, a level of mindfulness is required to let go of past experiences and expectations for the future in order to be fully […]
Episodes of tension between family members are normal and quite common in a family business. However, when stress reaches a certain level, it may be a sign that it’s time to move on. The decision to leave is loaded with emotional baggage, but creating a dialogue that is free of […]
Introducing new technology into the family business is not an easy process but one that all businesses have to initiate sooner or later. With their strong empathy and communication skills, women have the ability to facilitate the process and lead the fourth Industrial Revolution. The key to an inclusive and […]
Finance is a delicate topic that can sometimes lead to emotionally charged discussions, especially within family businesses. Obtaining access to finance-related information and understanding the information provided are two aspects that can give rise to fears. However, financial literacy, transparency and a bit of planning can go a long way […]
Defining the role of each family member within a family business is rarely a straightforward process. Identity evolves with time, and roles can be reverse-engineered and adapted based on the person’s skills, interests and, sometimes, the needs of the business. Understanding one’s own motives is a crucial first step towards […]
The transition from daddy’s little girl to CEO in waiting is rarely an easy one. Whereas succession from father to son is not just accepted, but expected in the family business realm. Succession from father to daughter is, for many business families, a road less travelled. Nobody understands this better […]
Women in family business fulfil several roles simultaneously. On top of their responsibilities as decision makers, executives and wives, they often hold the most influence when it comes to inculcating family and company values in the next generation. Ana Maria Matallana Boggio has a deep understanding of this multiplicity. After […]
Trying to separate family from business is not always possible, whereas embracing the high emotional complexity that comes with running a family business might be a more beneficial approach. Leadership styles need to evolve and adapt to the new generations, and leading by example could be the key to success. In […]
Jessi Lima Bollin is the Vice President, Marketing and Communications and second-generation member of her Cincinnati-based family business, Best Upon Request. The company provides concierge-style assistance with an eye to helping employees save time and decrease stress. In the healthcare field, Best Upon Request also takes care of patients’ non-medical […]
Family business advisors, like family businesses themselves, do not come in a one-size-fits-all package. Some come from a legal background, others may specialize in the psychology of family dynamics, while others may bring an expertise in strategic planning. Choosing the right one depends largely on your specific needs. Nobody understands […]
Sarah Grace Mohr is the VP of Operations and Communication for Mackey Advisors, a Kentucky-based business consulting firm started by her mother. Mohr describes herself as a ‘Jill-of-all-trades’, with a background in interior design, strategy, project management, marketing, customer service, and leadership. But when Sarah Grace Mohr joined her mother’s […]
In this episode of our WIFB Conversations, Amy Katz speaks to Farida F. El Agamy, General Manager of Tharawat Family Business Forum and Co-Founder of WIFB, and her sister Ramia Marielle El Agamy about what it’s like to work together in the family business, how it changed their relationship, and […]