Family Dynamics

Passing the baton from one runner to the next.
The Family Business Consulting Group
Passing the Baton in a Family Business

In Shakespeare’s King Lear, an aging king divides his kingdom among his daughters based on flattery. The daughter who speaks honestly is disowned, and Lear ultimately loses everything. This story is a cautionary tale for family furniture business owners: poor succession can erode not only the business you’ve built but

30 year old daughter talking to her parents inside a furniture store
The Family Business Consulting Group
The Transition Talk: Letting Your Parents Know You’re Ready to Lead

“We need to talk.” Those four words can be intimidating in any relationship. In family-run furniture businesses, they can feel even heavier—especially when what you need to say is: “Mom, Dad, I’m ready to lead.” For decades, your parents have poured their energy into building the store, the brand, and

Many coins are stacked in a graph shape with family icons for money saving ideas and financial planning insurance.
The Family Business Consulting Group
Smart Family Business Compensation Planning

Strengthen Your Business While Preserving Family Harmony Compensation planning in a retail furniture business often feels more like an art than a science. You’re balancing the need to motivate and retain top talent—family and non-family—while ensuring the business remains profitable. For family-owned furniture retailers, the conversation becomes even more layered.

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