The Rich Do Not Stay Rich for Three Generations: Know the Risks of Entitlement and How to Combat Them

Wealth is an interesting thing.  Those looking from the outside might assume wealth is easy, that the lifestyle enjoyed by each generation is a given and requires no extra thought or work.  That’s where the average onlooker is wrong. Wealth, or being rich, is not sustainable when future generations do nothing to preserve it.  There… [Read the full article]

Recovering from a PR Nightmare: THP’s Story

It’s easy to think that your company won’t find itself in a PR nightmare. However, that’s a dangerous assumption, especially in today’s social media-driven world. It’s safe to assume your business – no matter how big or small – will face negative attention that will need to be dealt with in an appropriate manner. The… [Read the full article]

Family Business: Holding Family to the Same Expectations As Everyone Else

Balancing the sensitive and intricate aspects of running a family business is extremely difficult.  For some, the expectation of involving family members in different capacities is a given and for those on the outside there can appear to be a certain level of nepotism.  Perhaps that comes with the territory of trying to create, grow… [Read the full article]

Why It’s So Important To Take Responsibility

One of the things my father loved to say to our mother was, “We’re bringing up children not chickens. They have to learn to stand on their own two feet.” One of the most important lessons we were taught growing up was that only by learning to manage ourselves and take responsibility can we hope… [Read the full article]

Four Qualitative Attributes Needed for An Enduring Family Business

Ensuring that any business thrives long-term is a challenge, add the inevitable struggles that come with family, and suddenly, the reality of creating an enduring business becomes daunting.  It is doable, however. Some of the largest, most successful, multinational firms are family-owned. How are these companies able to sustain this success despite rising generations, ever-changing… [Read the full article]