Most business owners don’t like talking about succession. It’s understandable. The word can feel like code for the end. The end of control. The end of identity. The end of the your dream. But the truth is that succession planning isn’t about the end of your business. Done well, it’s about making sure it can … Read more
Conflict in family enterprises isn’t a sign that something’s gone wrong. It’s often a sign that something important is happening. When your business and your relationships are deeply intertwined, as they are in any family-run organization, conflict is inevitable. But it doesn’t have to be destructive. In our work with family enterprises at Aven Advisors, … Read more
For families in business together, sustaining success across generations requires more than sharp strategy, it calls for strong governance. A key tool in the governance toolbox is the family council. Whether you’re navigating growth, succession, or family complexity, forming a family council can help ensure alignment, communication, and long-term harmony. What is a Family Council? … Read more
Family businesses are often known for their loyalty, long-term thinking, and deep-rooted values. These traits are a source of strength; but they can also become blind spots, especially when it comes to how non-family employees are compensated and motivated. Too often, these employees operate in an unspoken hierarchy where family comes first, advancement is limited, … Read more