May 18, 2023 | Family Enterprises and Owner-Led Businesses, Governance
Nancy Drozdow Founder and Principal Caleb E. White Principal We have found that great private company governance can be organized and grounded in these principals: purpose, people, practice, procedures, policies, and processes. At CFAR, we call these the Six Ps of... 
Apr 10, 2023 | Family Enterprises and Owner-Led Businesses
Todd Smith Principal A scan of literature (and speakers!) in the family business succession universe would lead one to believe that the need for family harmony is required above all else to ensure generational transitions are executed with success. Our experience... 
Mar 23, 2023 | Family Enterprises and Owner-Led Businesses
Founders of businesses are often characterized by a powerful belief in their ability and vision for their business—an almost invulnerability and purposeful drive that includes extraordinary perseverance. The melding of a person and their business that enables founding... 
Feb 22, 2023 | Family Enterprises and Owner-Led Businesses
Eliza Orleans Manager Sara Miller-Paul Coaching Practice Manager Agree or disagree? A CEO can successfully work remotely from Europe while the company’s headquarters is in its original location in the Midwest. A family business can grow record profits with a team... 
Feb 9, 2023 | Consulting, Family Enterprises and Owner-Led Businesses
Nancy Drozdow Founder and Principal Only a third of family firms continue beyond the first generation, fewer still make it to the third, and so on. (Beckhard & Dyer 1983). “Our work is largely to help these businesses beat the odds. Continuity is our goal, even... 
Jan 17, 2023 | Family Enterprises and Owner-Led Businesses
Megan Helzner Senior Manager “While a founder’s success typically depends on some combination of charisma, single-minded leadership, and determination, the succeeding and next generations must also master the skills of diplomacy, influence, and collaboration in order...