Compass Point Consulting LLC

What if the NextGen is reluctant to take the reins in the ? Help them find their path.

How Family Businesses Are Rethinking Succession — This is Capitalism Family businesses face a turning point in 2025 as succession becomes a choice, not an expectation. Younger generations want purpose, autonomy, and innovation, while founders work to prepare and let go. AI, education, and fresh perspectives are reshaping how family legacies continue.

Next Gen challenges - move from trust based to professional management.

Challenges from the 2nd generation and beyond - Family Business In a previous article, we analyzed the key hurdles faced by family businesses based on their life cycle. In this post, we’ll turn our focus to the challenges they encounter in their transition from the second to the third generation and beyond. The second generation: reorganizing ownership and man...

Potential outcomes when there is more than one possible successor in the . Don’t leave your family or the business hanging.

Playing the Succession Game to Ensure Family Business Continuity Game theory provides a mathematical way to look at sibling competition and its emotional costs -- and suggests insights for achieving the best outcome.

Ownership transition in a - you can’t always get what you want.

Ownership transitions: You can’t always get what you want But with thoughtful retirement planning now, you should get what you need.

One of the most important aspects of succession is knowledge transfer.

Why Structured Knowledge Transfer Is Crucial for Succession Planning - Construction Executive Construction companies depend on the skill and expertise of their organizational leaders to ensure the company’s projects meet quality standards and client

A board exists for a to improve outcomes, not to constrain leadership.

The 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.

Families in often overestimate the downside of a crucial conversation.

Difficult Conversations in Family Business: When and Why People tend to overestimate the potential downside of having a tough conversation while underestimating the upside over both the short and long term.

Don’t let our societal norm today of poor public discourse permeate your family.

Bridging the Divide: How Family Values and Conflict Resolution Shape Our Polarized World ​ As political polarization deepens across the globe, we find ourselves unable to bridge our differences despite recognizing the issues at hand. The way we handle conflict—both personally and...

What is a classic trap? Thinking the family has all the leadership glue required by the business.

How to avoid the 'family trap' Like any other organization, family businesses undergo life cycle stages. They are born, they grow and —unless management knows how to adapt—they wither and die. As a business evolves from one stage to the next, problems inevitably arise. They result from change and can be predicted, just as a p...

A family legacy can have many forms. It's a special journey.
Today, April 4, is a milestone on one such path.

Catherine Garrity Frans shares the heart-centered decision that grew out of a family's loss – and love.

Her beautiful blog is both a tribute and a "how-to" channel purpose into tangible impact.

Read it here: https://www.compasspt.com/resources/blog/channeling-love-into-a-family-legacy/