Farm Family Business

When it comes to managing a business, family businesses often struggle to discuss several key issues, including compensation, individual performance and transitions.

Consider new ideas and choices today that may represent new frontiers for your farm-based company as you contemplate the future of your family business.

A workquake is a time in your life when your work story changes, when what you do for a living is interrupted in some way. And it can be at the heart of your management succession.

Forgiveness is important to all of us, but it is especially important, and often difficult and emotional, in a family business.

Of the many things you intend to give the next generation, perhaps nothing has as much potential permanence as the principles and philosophies you leave behind.

In family-farm and ranch transitions, valuable gifts accumulated over a lifetime are an integral part of estate-planning strategies. Here are some discussions and processes to consider as part of your transition.

Delaying a successor coming back to the farm will give her or him the necessary education, perspective, skills and experience to eventually become a successful leader of the family business.

Life is full of transitions. These ideas to help navigate business transitions and succession may prove helpful.

The family business may or may not be the cause of a family member's addiction, but there is no doubt that being in business with family shapes the trajectory of addiction.

Family values can threaten the effective functioning of a family enterprise when those values conflict with otherwise successful business practices.

Sacrificial behavior is often expected in a family business. Consider types of sacrifices and how they apply to your family's company.

The new year has begun, and as you contemplate the coming months, here are eight ideas to bolster your management-succession and estate-planning efforts.

Here are the ownership conversations you should have with your spouse and as a family.

Being cut off from a family member is both painful and embarrassing, and there are few people with whom you can discuss the issue, but there are books that address the dilemma.

Non-family members can bring out the best in your closely held company.

One of the hardest tasks in a family business is transitioning relationships to the next generation.

Exploring your options can lead to unexpected solutions to reconfigure ownership and management.

This year is a good time to consider your future ownership transition.

Improving the "family" part of business requires a leader who facilitates discussion.

Consider the role of chairperson when it's time to let go as the family business CEO.