Every family business evolves. Not always predictably. Not always smoothly. But inevitably. Yet many owners evaluate decisions in isolation and react to immediate challenges without recognizing the broader stage their business is in. Over time, this can lead to misaligned strategies, unnecessary tension, and missed opportunities. Understanding the lifecycle of a family business does not […]
The Western Perspective
The Western Perspective seeks to support business owners as they navigate the challenges of running a successful enterprise while optimizing for long-term success.
Articles
View AllThe Purpose of a Board in a Family Business
For many family business owners, the idea of forming a board feels unnecessary, if not threatening. After all, the business has survived and grown for decades without one. Decisions are made quickly. Trust is high. Authority is clear. Introducing a board can feel like adding friction where none exists. Yet in well-run family businesses, a […]
The 20-Year Roadmap: Long-Term Planning for a Family Business
Most family business owners think in the long term. They invest patiently, build relationships over decades, and measure success in continuity as much as profit. Yet when it comes to planning over a 20-year horizon, many owners quietly default to a far shorter time frame. Not because they lack vision but because long-term planning is […]