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Giving Back: The Responsibility of Family Enterprise
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September 2014 Newsletter 
 
David and Paul KarofskyThe freshness of autumn is in the air.  Vacation time is over.  The kids are back to school, red maple trees are getting brighter, an occasional leaf is falling to the ground and it’s time to re-focus and re-attend to the busyness of business.  As Shakespeare said, “Summer’s lease hath all too short a date.”
 
Paul and David

Giving Back: The Responsibility of Family Enterprise

Passing the reins of the family enterprise to the next generation, involves more than handing over the strategic plan, the organization chart and the checkbook, it requires sharing the history of the family and the business and their attendant values.   In this blog, we share some tips on how to avoid the “sudden wealth” syndrome, how to have meaningful conversations, decision making, getting the kids to have skin in the game, and seeking the appropriate support. 
Click Here for the Complete Article
The Peer Alliance

Open House Event: Peer Groups for Current & Emerging Leaders in Family Business

If you are a member of a family business, please join us for an open house to meet other family business leaders and learn more about the value peer forum groups can provide for you.

When:        Tuesday, October 21, 2014
Where:       Framingham Country Club, Framingham, MA
Time:          5:00pm-7:00pm
Click Here to Learn More
Transition Consulting Group

Family Business Summit

We just returned from a family business conference in Bogota, Colombia.  With an audience of 350 members of family businesses, we not only had the opportunity to present, but to learn as well. 
 
Colombians are upbeat on their opportunities for the future.  Despite their enduring political challenges, there is a pervasive optimistic feeling.
 
The issues facing family members in business together have several common themes.  Among them are dealing with multiple siblings- especially with those who have an ownership stake in the business but do not work there.  Questions surface around reinvestment vs. dividends.  Third and beyond generation businesses are also facing the challenge of dealing with aunts, uncles and cousins and how those relationships are more complex than those with parents and siblings.  Concerns around entry criteria and helping seniors “let go” are also common. 
 
It’s a small world, but as George Berkowitz said, “Family businesses might all look alike, but when you get up close they’re like snowflakes.”
The Peer Alliance

The Joy of Shared Success

At a recent meeting of one of our forums for Current and Emerging Leaders, we engaged in a series of professionally facilitated team building exercises.  Our goal was to coalesce as a Forum and learn more about leadership, competition and collaboration.
 
At times, the group was split into two teams with each performing a particular exercise.  The teams then switched exercises and one member of each team coached the other team, sharing that team’s experience.  In this test of communication and creativity, with added knowledge, the members’ skills increased and performance was enhanced significantly. 
 
This was the perfect set-up for success and as the day progressed, so did the levels of comfort, trust and empathy.  Ideas were shared, people listened and fostered a learning environment with abundant take-home knowledge.  Members enjoyed seeing how their peers managed the experiences and appreciated the value of clarification, the risks of assumptions, the ability to endure ambiguity and the joy of shared success.

Family Business Blogs

Check out some recent blogs that we have written!!
GIVING BACK: The Responsibility of Family Enterprise
A FATHER’S DAY/EVERYDAY LEGACY
The Greater Good
Let it Go
The Clearer You Are About Your Vision – The Better it Will be Executed
Is “Good” Good Enough?
Characteristics and Principles of Leadership
Five Rules for Effective Listening
A Paradox of Leadership
Is an Apology Enough

 
Transition Consulting Group
www.ForTCG.com
info@ForTCG.com
508.875.7751
The Peer Alliance
www.ThePeerAlliance.com
info@ThePeerAlliance.com

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