In this issue
In Bergamo and Bellagio, Lombardy, northern Italy, two hotelier families pay homage to history, comfort and attention to detail on vastly different scales
First things first: Define your goals when seeking the services of a family business consultant. Lewis Carroll wrote, “If you don’t know where you are going, any road will get you there.”
A quick Q&A with Howdy Holmes, Chairman and CEO, Chelsea Milling Company, Chelsea, Mich.
There are as many challenges and solutions as there are family businesses
Getting past generational conflict with reasonable communication
The Eberhardt family and the Aurora Borealis share a common reality: They’ve all been hanging out north of Fairbanks, Alaska, for a long, long time.
Sure, the Northern Lights likely have been twisting and crackling in the night sky for millions of years. But the Eberhardts have been there a while, too — Walter Eberhardt first homesteaded the family’s 280-acre ranch in 1947.
Today, Walter’s grandson Kory runs the family show, which features two Aurora-oriented experiences.
The company, named Hello Alice, offers credit cards and microgrants and to women- and minority-owned small- and medium-sized businesses, as well as a host of other supports to help growing businesses thrive.
Hello Alice awarded more than 1,000 small business grants totaling more than $12 million in 2022.
Succession is not a simple choice or decision; it is a far broader task of envisioning the future and taking steps to realize this vision. It fulfills two essential tasks for sustaining the enterprise across generations:
* Creating a process to develop new leaders and pass ownership and control to successors.
* Keeping the family as well as the enterprise vital and successful across generations.