David Borst, Ed.D., is a former dean of the Concordia University Wisconsin School of Business. He currently sits on several boards, teaches at the doctoral level and runs the Milwaukee Lutheran High School honors academy. He can be reached at david.borst@cuw.com
The family shame
We used to hide our family shame.
I live near the county grounds in Wauwatosa, which used to be the...
Love your children unconditionally
Most of you reading this business column will be surprised to find a column about love. When one works...
Pressure felt by the next generation
Usually, this column expounds upon the dos and don’ts of family businesses.
Our divergence today is to share a personal...
Bridge the political divide
Many business owners I speak to dream early on of passing the business to their children.
Even if their children...
The toughest decision
Some years ago, my father was struck by a devastating illness that infected his spine. Faced with a 40...
The family referee Conflict resolver is a thankless but important job
Not every family business is rife with strife. Most families report that they work hard at getting along, both...
Why family businesses matter: They are all around us
Carnegie, Rockefeller and Vanderbilt. We have all heard the names before. What each of these men built, besides a...
Robbing the family till: Don’t be too trusting
The names have been changed in this story to protect the guilty – and innocent – but the story...
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Brotherly love: Be careful when passing the business on to siblings
Shortly after the death of their parents, Roger and Clint inherited their family business. Both had worked in the...
Objective overseers: Avoid cronyism when selecting board members
The family business frequently has multiple shareholders who are family members, but oftentimes the board is also made up...
Start at the end: Plan to transition your company’s values to the next generation
The decision to pass a family business on to the next generation is never an easy one. Aside from...
