Succession planning in family businesses is a critical process that ensures the stability and continuity of the business across generations. This process is characterized by developing, documenting, and communicating a comprehensive plan that aims for an orderly and successful transition. The journey towards this goal begins with the current generation of owners and operators who […]
How do you define creativity? We started our most recent Next Gen Leaders Peer Group session at the Conway Center for Family Business with that question. Creativity is a necessary skill, not only for success in the family business, but also for leading a fulfilling life. But what if we don’t consider ourselves to be
Benefits strategies for multiple generations are essential in today’s diverse workforce. With employees ranging from Baby Boomers to Gen Z, organizations must develop strategies that cater to the unique needs and preferences of each generation. While each generation may have different priorities and expectations when it comes to benefits, there are also common themes that
Creating an Inclusive Workplace: Insights from All Generations Read More »
In our conversations with manufacturers, we often hear that workforce hiring and retention is their greatest stressor in this post-COVID era. Many manufacturing companies share the challenge of finding workers who are willing and able to perform the skills necessary to fill open positions. Scroll news feeds, read industry information, or listen to podcasts from
Hiring and Retaining A Skilled Workforce: Guidelines for an Employee Bonus Program Read More »
As a business owner, you’ve poured your heart and soul into building your company. But have you given thought to what happens when it’s time to step away? Exit planning is a crucial step that many entrepreneurs overlook, often until it’s too late. Let’s dive into why exit planning matters and how you can start preparing for your business’s future today.
Securing Your Business Legacy: The Essential Guide to Exit Planning Read More »
the recent decision in Connelly v. United States should encourage owners of closely held businesses to take pause and evaluate the unexpected federal estate tax consequences which Key Person Insurance could have for the deceased owner’s next-of-kin.
Connelly v. United States: Closely Held Corporations and Unexpected Estate Taxes Read More »
Set your organization up for long-term success using 10 key economic indicators to track and inform your decisions.
Data to Decode: The Economics of Being a Business Owner Read More »
The American workplace isn’t what it used to be, and the qualities attributed to strong leadership have evolved. While a strong and decisive personality can help you pave the way to move your organization forward, empathy and compassion are now just as important. Team members want an empathetic leader who can be present throughout the
The value of empathy in the workplace Read More »
Partner and Co-President Kelly Jasin has been named as President of Emens, Wolper, Jacobs & Jasin. Founding Partner Bea Wolper moves to CEO in what many Conway Center members know is the succession planning journey. As Conway Center President and Succession Planning Peer Group facilitator for many years, Bea has spent many years teaching the owners of family businesses how to prepare for a successful transition and then, in turn, let go.
A Succession Planning Journey Complete – EWJ&J Announces Its Own Transition Read More »
This is an intereting article in Entreprenuer.com by Katie Murphy, a new Conway Center member and founder of Expansion Group. Fractional executives might be a good solution for family businesses that do not have a clear succession plan…yet. If you have a complex strategic initiative with an end date like the one I oversaw, this
How a Fractional Executive Can Take Your Business to the Next Level Read More »
