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 […]
Conflict is an almost unavoidable part of every family business. If not tackled, unresolved conflict can escalate and damage relationships or even the whole company. But are conflicts always negative, or can we analyse them under a different lens to increase cohesion and take the business to the next level? […]
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 […]
Interview with Priyanka Malhotra Resilient, compassionate and dynamic, Priyanka Malhotra is admired by many for her “never give up” attitude and her ability to wear many hats with elegant and effortless ease. Her son Nipun affectionately calls her “my tigress mother” in a touching letter that describes the love and resilience […]
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 […]
This interview is brought to you by Female Focus, an exclusive international network enabling professional women to meet from, share experiences and build business relationships whilst engaging in interactive experiences. Female Focus was established by Vaishali Shah at Minerva Trust & Corporate Services Limited. On the tiny island of Jersey, nestled […]
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 […]