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“Family Business” Versus “Family Wealth”

The area of family business advising is considered by some to be a niche market, since there are not that many of us who hold ourselves out as specialists in the field. Family wealth, by contrast, seems to be a much more crowded area, perhaps because so many huge institutional players are involved in the area of wealth management.

Today I want to look at some of the similarities and some of the differences, and even throw in a couple of other terms to discuss variations of the two.
November 23, 2014/by Steve Legler

Striving for a Succession Non-Event

This week’s blog is inspired by a quote that I came across…
November 9, 2014/by Steve Legler

Family Business Advising: Art vs. Science

The professionals who provide services to family businesses come…
November 2, 2014/by Steve Legler

R.I.P. my Old Friend

As much as I struggled to find the right title for this blog…
October 26, 2014/by Steve Legler

Solid Wealth Vs. Liquid Wealth.

While in Philadelphia with my teenage son this past summer, we…
October 19, 2014/by Steve Legler

The Importance of Offering an Informed Choice

Editor’s note: This blog post is essentially a translation…
October 12, 2014/by Steve Legler

Off the Grid, Without a Paddle (Part 2 of 2)

Last week we finished up with my tech problem partially solved,…
September 28, 2014/by Steve Legler

Off the Grid, Without a Paddle (Part 1 of 2)

When you make a mistake and it costs you, the worst thing that…
September 21, 2014/by Steve Legler

Thinking Outside the Family Business Box

Every business needs to be wary of getting into a rut, but inevitably…
September 14, 2014/by Steve Legler

The Father-Daughter Ikea Assembly

Last week I came across a Tweet about how sitting can kill you,…
September 7, 2014/by Steve Legler

Doing the Dishes: A Family Affair

This past week our family was at the cottage, where we do not…
August 31, 2014/by Steve Legler

Geography 101: “Where” Matters

We all get stuck sometimes. We can be in a groove one day, and…
August 24, 2014/by Steve Legler

Patience: Important, mais le travail avant tout!

Plus tôt cette semaine, nous avons fait faire des travaux dans…
August 17, 2014/by Steve Legler

The Rules of Baseball and Family Business

My family and I just returned from my favourite US city, Chicago,…
August 10, 2014/by Steve Legler

The Rising Generation in Family Business

Jay Hughes is one of the gurus of family business whose thinking on business families and subjects like succession and wealth transfer has been followed for decades.

Yesterday, along with 200+ other attendees at the annual Rendez-Vous of the Purposeful Planning Institute, I had the pleasure of hearing him speak live for the first time, and he did not disappoint.
August 4, 2014/by Steve Legler

I Got My New Puppy! (My book is out)

Metaphors and analogies can be very powerful ways to explain…
July 27, 2014/by Steve Legler

How the Family Governs the Family Business (Part 2 of 2)

We left off last week’s blog talking about some of the family members who are not employed in the family business, but whose lives are nonetheless affected by the business, as part of the general theme about how the family governs a family business.

Today we will use the airplane analogy to talk about how they can influence the business, as well as the responsibilities that come along with the benefits.
July 20, 2014/by Steve Legler

How the Family Governs the Family Business (Part 1 of 2)

One of the most challenging aspects in dealing with business…
July 13, 2014/by Steve Legler
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