| Quote | "Family businesses are under threat from both the sides, family as well as business."
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Greetings!
In many ways, family businesses are not unique - they come in all sizes and scales just like other businesses. But the unifying and distinguishing element -- that the business relationships are also family relationships -- is pervasive in every part of the business. Managing not only the tactical aspects of business relationships but also the emotional aspects of family relationships requires a proactive approach that includes communication, planning, and even a bit of psychology!
This month we will delve into how to manage family business relationships from good communication to succession planning. Our guest bloggers are professionals and family business owners who will share their insights, experiences, and lessons learned.
Our Equinox Focus seminar is on May 19 (a week earlier than usual) and will be presented by myself and Lauren Owen, President of Lauren Owen LLC and long-time family business consultant. We'll discuss how to structure business relationships to promote good management, communication, and strategic planning for the company. Remember, the Equinox Focus program is free for active Equinox clients (those we've done business with in the past 12 months). Simply email us, and we'll add you to the roster for the program!
Finally, we want to connect with you! Our goal is to follow ALL our clients and colleagues on Twitter and Facebook so we can promote your stories, products and successes as well! Please email us and let us know if your business is on these social media platforms so we can find you (or just find us: Facebook, Twitter)!
Sincerely, Michelle |
| THERE'S NO BUSINESS LIKE A FAMILY BUSINESS | |
Businesses are developed and grown through their relationships with people - people as owners, managers, customers, and vendors. These people relationships, though critical for success, also create substantial risk for the business because people are emotional and often unpredictable. Most businesses protect against this risk through contracts. Why do they work? Contracts allow a company to set the ground rules for a relationship. Shareholders Agreements govern the relationship among owners, Employment Agreements govern the relationship between employer and employee, and Services Agreements or Liability Waivers may address key issues between a company and its customers. A primary reason why they work: they provide for "termination" provisions allowing the parties to get out if the relationship doesn't work.
Family businesses are a little different. "Termination" is a tough sell because, in a family relationship, "terminating" a contract may also mean irrevocably damaging a family relationship as well. Read More... |
| EQUINOX FOCUS SEMINAR | |
MANAGING FAMILY BUSINESS RELATIONSHIPS
May 19, 2010 2:30 - 4:30 pm
Co-Presented with Lauren Owen, family business consultant
The dynamics of family businesses differ from other businesses. Managing business relationships with those who are also related to one another can create stresses that can bring down a buisness. In this workshop, we'll discuss tools to recognize and address family matters in the business and provide tools to improve communication. We'll cover critical topics that impact a family business' success...
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As part of our commitment to sharing relevant, timely information with you, please look for us and join us in the following media:
- Facebook Fan Page: Become a Fan of Equinox Business Law Group on Facebook. We are posting regular "Daily Tips" and articles we find valuable to business owners and entrepreneurs.
- Twitter: Follow Equinox Business Law Group (via @michelbomberger) on Twitter where we post blog updates, articles, and key data points we come across in our daily interactions with businesses.
- Blog: We regularly post pertinent information for business owners on our blog. As part of Equinox Focus, we're adding weekly guest bloggers who will add perspective on the topic. Sign up for an RSS Feed of our posts.
- Website: The Equinox Business Law Group website contains information about upcoming Equinox Focus programs as well as detail about our legal services and General Counsel Services offering.
We encourage you to join us. We look forward to your comments, opinions, and questions as we expand how we can reach out to you to accelerate your business' growth. | |
Equinox Business Law Group PLLC works with entrepreneurs and business owners to achieve balance in business. Clients receive strategic business and legal counsel to make informed decisions that accelerate the growth of their business. Our services and fee packages are tailored specifically to meet each business's unique needs. For more information or to set up a complimentary consultation, please visit our website.
We look forward to helping you to balance business and law in your company! |
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