Family Business

It is early January, and I am preparing for the new year ahead.  I was cleaning out some old emails and files and found the article linked below from Chain Store Age (a key retail trade magazine).  The story is about Ace Hardware, and their opening of 170 stores in 2022.  The article also mentions that they operate over 5,600

How to Assess Governance Maturity and Improve Family Business Strategy Using the Three Circle Model

Even after 40 years, the Three Circle Model of Family Business is still an effective tool for dealing with the challenges of running a family business.

To be an effective advisor to a family business, you need to assess the governance maturity of each circle

Business resilience is a concept with a new meaning in a Covid-19 world. It has been defined by the National Association of Corporate Directors (NACD) as “the capacity of any entity to prepare for disruptions, to recover from shocks and stresses, and then to adapt and grow from a disruptive experience.” Resilience is the demonstrated ability to move forward

It’s been six months since Covid-19 hit the U.S. Now that the immediate crisis is over, board members are tasked with evaluating how their businesses pulled through the acute stretch of the pandemic by asking questions, such as, How did we do? What could we have done better? How do we prepare for the next crisis?

This process demands that

The Covid-19 crisis is unlike anything we’ve seen before. Not only is this pandemic unprecedented; it’s having a different impact on different industries. While some organizations have been forced to a near standstill, others are forced to increase productivity under pressure to survive. One item remains constant: having a seasoned board is more important now than ever before.

While there

COVID-19 has drastically altered the course of America’s small and medium-sized businesses. According to a recent Facebook survey of over 86,000 SMB owners, managers and employees, about a third of SMBs are currently closed. Nearly half of owners whose businesses are still open are suffering burnout. Fewer than half of nonoperational SMBs plan to rehire the same workers and over