NxtGen Nexus is the only dedicated destination providing tools, a voice and a community for the next generation of family business members.
Originally Published - ChiefExec Coach When I was 16 years old, I didn’t learn to drive stick shift from my father. Although I knew my father could drive a manual transmission, it was one of my friends whom I asked to teach me, whom I knew wouldn’t get upset with me...
“Boys, we have to talk about Brody,” Barbara Drummand said to her sons. Robert turned to his brother Sinclair and rolled his eyes. Their Mom always took Dad’s side when it came to employee issues. As Vice President for Drummand Electrical Supply he felt his job was...
Originally Published Steve Legler Family Business Guide This week we’re going to go over some old ground, and cover some things that are brand new to this space. There’s an “A-Ha Moment” involved, as well as a new way to attack an old problem. One thing most regular...
Originally published Steve Legler Family Legacy Guide Business families, or “families in business”, as they’re often called, come in all shapes and sizes. Advisors who work with them, like me, sometimes have trouble agreeing on the labels that we should be using to...
(by Richard M. Segal. This article originally appeared in Corp! Magazine, 3/19/2018) T.S. Eliot was a famed twentieth-century British poet known for insightful quotes. My personal favorite is: “This is the way the world ends, not with a bang, but a whimper.”...
Every NxtGen makes a decision about entering the Family Business. How did your journey begin?
Forget fingers and toes. Forget whether you look like Aunt Edna. The only question anybody cares about going into the Family Business.
How old were you? Did you get paid? Ha ha. Did you get lunch out of it?
Nxt Door Neighbors
Living next door to cousins was great, especially if your Aunt‘s cooler than your Mom. But does Mom really like spending 24/7 with Dad’s family?
Family Business Rituals
Was it potluck dinner on inventory day? How come my family had to take inventory, but my cousins didn’t? In “Bloodline,” they had the Family Table.
Rejecting It All
Could you imagine living the rest of your life without being “the kid”?
Sure they’re crazy, but they’re your crazy. Whether you join the business or not, you’ll always have a home.
Family Business Matters