By Margaret Wilson, Tandem Partners & Ann Quinn, Quinn Strategy Group There are times in every organization’s lifecycle when everything hums along without a bump in the road. At moments like this, it can be tempting to take your eye off strategy and simply enjoy...
Did you know that by 2026, Fortune 500 companies – the iconic list of largest companies in the U.S. by revenue – are projected to maintain their status for an average of only 14 years? That duration is less than half what it was...
Like many of you, members of our team belong to professions that require us to be licensed to practice. So every year, we engage in continuing education, just like our friends who are social workers, engineers, estheticians, and architects. We do it to comply...
From Wal-Mart and Mars to the corner store in your neighborhood, about 90% of all U.S. businesses are family-owned or family-controlled. At any given time, a large percentage of these companies is facing a generational transition. Yet it’s reported that less than half have...
As winter comes to an end, it’s a great time to clear out the cobwebs and invite fresh air into your business. Just as dust and dirt are a natural byproduct of living in our homes, clutter comes with normal business operations. Over time,...
As the final season of the hit series “Succession” unfolds, fans of the Roy family’s power struggles will be glued to their sets. While the show may be an overly dramatic portrayal of a family enterprise, it serves as a reminder that the critical...
Raise your hand if you love turning the clocks back in November and hate springing forward in March. Yeah, us too. That one lost hour can be so disorienting. And it’s not as if you didn’t already have enough on your mind and your...
By Margaret Wilson, Tandem Partners & Ann Quinn, Quinn Strategy Group We’re well into the new year now and the economy continues to give out mixed signals. Growth has slowed, but half a million jobs were added last month. Inflation is high but consumers are...
If you’re a senior leader in a family enterprise, you’re probably bombarded on a regular basis with pleas to begin succession planning: Your attorney is concerned about avoiding income and estate taxes, and disputes over control. Your CPA says you need an updated valuation...
Running an early stage business often poses the classic “can’t see the forest for the trees” dilemma. You’re so focused on the next project, the next sale or the next new hire that you may not see the larger picture of where your business...
Recently, Margaret Wilson appeared on Java with Jim Ries, Director of Business Development at Offit | Kurman to discuss the origin of Tandem Partners and its dedication to helping families, owners and businesses in transition....
When you were younger, did you ever participate in a spelling bee? I recently reconnected with some childhood friends and it reminded me of something I hadn’t thought of in a long time – the day I lost the 5th grade spelling bee. I...
By Margaret Wilson & Ann Quinn | As the world emerges from the global pandemic and many people resume their normal activities, organizational leaders are faced with new questions...
All relationships come with their own unique merits and challenges. But is there any more supercharged than between a...
The longest suspension bridge around may not be the Mackinac or the Golden Gate, but the span between generations in a family enterprise. More often than not, the emphasis in succession planning begins with the senior generation and their pressing concerns. When do they...
It's too early to tell, but a shift in perspective on succession may be playing out in organizations all across the country. Over the last few months, the magnitude of a global crisis has caused many leaders to re-examine their priorities. In some companies,...
Gates had Buffett, Oprah had Maya, and Dylan had Guthrie. In your world, who do the next generation of leaders look up to? Many family-owned companies say they expect to transfer leadership to the next generation, yet only a small percentage have a plan...
“The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and let his successor run the company.” Those deceptively simple words are from Peter Drucker, the father of modern management, whose ideas continue...
During the mid-1930s, Bud Abbott and Lou Costello introduced their famous vaudeville comedy sketch “Who’s on First?” about a fictitious baseball team. As they try to communicate with each other about the various players, the conversation becomes more and more confusing. Toward the end...
If you’ve spent any time around the family business arena, you’ve come across the number: 70% of family companies don’t make it to a second generation, either because the business fails or for other reasons a decision is made to sell to a third...
Many leaders, when they think about succession, have a narrow definition in mind. For example, one owner might be lasered in on who will own shares in the future and whether to sell or transfer them. Another may be preoccupied with who will be...
Most leaders accept that at some time in the future, their time at the helm will end and the business will be given into the care of the next leader. However, just thinking about the transition can be daunting and overwhelming for the senior leader. If that weren’t enough, most owners experience their own succession just once. Tandem Partners provides the experience and professional guidance needed to move through the strategic, operational and interpersonal issues that are all a part of transition.
When it comes to developing leaders and teams, one size does not fit all. Your business is unique, and has specific strategies and capabilities that drive it forward. We help you identify and develop the specific leadership competencies that make you who you are as an organization and who you’d like to be. We work with leadership teams on the real issues they’re facing now, helping them to see more, be more, do more and lead more effectively, together.
For families in business, success is not just measured in fiscal years, but over generations. Yet often, leaders are so focused on the day-to-day that they aren’t able to step back and focus on the issues that impact long-term sustainability. We help leadership teams assess where they are now, where they’re trying to go and how they’re going to get there. Our expertise in the areas of organizational strategy, structure, process and performance is a unique feature of our work, and integral to our transition management approach.
Sign-up now to receive the ebook:
Sign-up now to receive the ebook: