Ferguson Alliance Blogs

Our latest thinking to help you prosper in your business

Family Business Longevity – Money Advantage Podcast Interview

By Ferguson Alliance | July 9, 2024

In my recent discussion on the Money Advantage podcast, we explored the complexities and strategies for extending the lifespan of family businesses.

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Commercial Insurance Considerations for Family Businesses

By Tom Anderson | July 2, 2024

The commercial insurance industry has long been a key resource for mitigating business risk – and family businesses have historically benefitted from third-party insurance support. You can’t rely on the same approach as last year with your commercial insurance program and expect it to be effective. You must be vigilant.

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Acquisition Success Factors

By Rob Ferguson | June 24, 2024

Acquiring another business can be an excellent way to grow – or the biggest mistake you’ll ever make. If you’re thinking about buying another business, consider these 8 factors to help you make a wise decision.

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Choosing Your Path: Family-First Business or Business-First Family? Key Hire Podcast Interview

By Ferguson Alliance | June 18, 2024

Choosing whether to be a family-first business or a business-first family is more than an operational choice—it’s about setting the course for your legacy.

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Important Tax and Regulatory Updates for Family Businesses in 2024

By Tom Anderson | June 11, 2024

Protect your family business by staying up-to-date on changing tax and regulatory requirements that affect your industry and your organization. 2024 brings several significant changes at both federal and state levels – here is a brief overview of what you need to know:

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Key Insights for Growing Your Family Business

By Rob Ferguson | June 4, 2024

Pursuing growth is both a necessity and a challenge. Reflecting on our collective experiences and research, we’ve distilled some key takeaways that we believe are crucial for navigating the complexities of family business growth. Here they are…

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3 Strategies for Making Your Family Business a “Best Place to Work”

By Brandi Marek | May 28, 2024

You’ve probably seen a lot of companies promote their status as a “best place to work.” And while the description might seem like publicity fluff, there’s actually some good business strategy behind it. So, how do you make your family business the best place to work? There are three key strategies we’ve learned from our years working with family businesses:

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Financial Considerations in Family Business Succession Planning

By Tom Anderson | May 21, 2024

Succession planning is a crucial phase for any business – but especially for family-owned enterprises, where the transition from one generation to the next can significantly impact financial stability. Let’s delve into some key financial considerations that business owners should address when planning for succession.

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Surviving Succession: Navigating the Transition of Family Businesses

By Rob Ferguson | May 14, 2024

Generational transitions within family businesses can be both challenging and rewarding. Here are some of our thoughts on how family businesses can not only survive – but also thrive – through succession planning.

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Engaging Your Team in the Family Business Succession Process

By Brandi Marek | May 7, 2024

Succession planning and the smooth transition of leadership are necessary for any prosperous family business over the long term. Here are some of our best tips for approaching succession planning in a way that’s engaging and productive for your team:

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Family Business 101: Are You A Business First Family Or A Family First Business?

By Ferguson Alliance | April 30, 2024

As the founder of Ferguson Alliance and someone who’s transitioned from CEO to a business advisor, I’ve seen the inner workings of many family businesses. I recently had the pleasure of discussing these experiences on the “Strategy and Leadership Podcast.”

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Managing Your Family Business for Performance

By Tom Anderson | April 30, 2024

Managing performance in family businesses is hard work – and often delicate work – and it takes a multifaceted approach. Here are some of our best tips.

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The Prosperity Plan

The process we use to help our clients overcome their challenges and create a prosperous business

  • The first and most important decision you need to make if you want business growth & prosperity

  • The three pillars that make prosperity inevitable and can sustain an infinite legacy

  • How to escape the hamster wheel of "working to hard for too little" and get your business into the "Prosperity Zone"