The Three Types of Family Advisors Academic literature has distinguished three types of advisors in the family business context: the formal advisor, the informal advisor, and the (family business) board member. Advisors differ from …
Family Enterprises have resources at their availability. These resources do not just comprise material wealth, but also “softer” types of capital, like the education of the family members, the contacts and influence of a …
Practitioners in the field often see the “three generations”-rule play out. The rule, also known as the “30-13-3” statistic, states that the first generation builds the business, the second generation looks after it, and …