by dwellsfcs | Family Office
“All Models are wrong, but some are useful.” -George Box Photo by Clint Adair on Unsplash Today, I want to reflect on the concept of models and how they relate to family business. Models, not of the aesthetic variety, are a tool we use to explain how...
by dwellsfcs | Family Office
The family business executive I was speaking with was generally flummoxed. After working carefully to recruit a new executive to their team, the individual had lasted only 18 months or so before leaving the company. The company culture and role were...
by dwellsfcs | Family Office, Investment Governance
A boy is given a horse on his 14th birthday. Everyone in the village says, “Oh how wonderful.” But a Zen master who lives in the village says, “We’ll see.” ‘The boy falls off the horse and breaks his foot. Everyone in the village...
by dwellsfcs | Family Office
Photo by Benjamin Davies on Unsplash Today I want to conclude our 3 part series looking at the basics of family offices. In the first two parts, we considered what family offices are and what they do. We concluded the primary role of a family office is to help manage...
by dwellsfcs | Family Office
Greg Lewis at the Tennessee Center for Family Business was kind enough to host me on his podcast, Family Business Today. We had a wide ranging conversation covering the role governance plays in the life of the family, why a family council is different from a Board,...
by dwellsfcs | Family Office
In our last post, we considered what a family office is (here). We called out two important factors in that discussion. First, that a family office (FO) is a professional services firm that helps manage the complexity of a family of significant means. Secondly, that...
by dwellsfcs | Family Office
On a call last week, a family business executive I was speaking with asked a simple, yet profound question. “What is a family office” or What do you mean when you say family office? Too often, family offices are treated like Justice...
