NxtGen Nexus is the only dedicated destination providing tools, a voice and a community for the next generation of family business members.
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 Meghan Juday (originally appeared on Familybusinessstrategygroup.com . Along with the family vision statement, shared values are one of the most important things a family can document. Identifying shared values allow a family to focus on what they have in common as...
I recently heard Shankar Vedantam, NPR’s social science correspondent, talk about the effects of birth order on how children develop. No surprise, the segment got me thinking about how birth order plays out among siblings in family businesses.
Many families who own family businesses have conflict embedded in their culture.
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