Families plan their summer often is a 4th of July picnic and celebration. Family Business enjoys July as the first days of the second half of the business cycle. Commencements signal the kick-0ff the start for a post academic career. Families treasure commencements, a badge of pride, courage, and honor. The 4th of July marks [Continue Reading]
Family Business: Generativity Vs. Stagnation
In Erik Erikson’s Stages of Psychosocial Development, generativity is a struggle against stagnation that ascends during adulthood. Generativity in the psychosocial sense refers to the concern for establishing and guiding the next generation and is said to stem from a sense of optimism about humanity. Last week we had another one of those, I [Continue Reading]
Top Ideas for Coaching the Owner
Family Business, privately held firms face many challenges. Coaching the Owner is often needed to keep focus, to understand the enemy named average and the virus called status quo. “I have difficulty sometimes talking to people who don’t race sailboats. When I was a teenager, I crewed Larchmont to Nassau on a 58-foot sloop [Continue Reading]
Education is not preparation for life; education is life itself.
Last week we meet with a number of CPAs, tax season was over. We talked about many things, their businesses, families and concerns. Many CPA firms are Family Businesses. Accounting is an information system. More precisely, it is the measurement methodology and communication system designed to produce selected quantitative data (usually in monetary terms) about [Continue Reading]