Compass Point Consulting LLC

06/02/2026

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

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.

05/27/2026

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

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...

05/19/2026

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

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

05/14/2026

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

But with thoughtful retirement planning now, you should get what you need.

05/05/2026

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

Construction companies depend on the skill and expertise of their organizational leaders to ensure the company’s projects meet quality standards and client

04/28/2026

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

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.

04/21/2026

Families in often overestimate the downside of a crucial conversation.

People tend to overestimate the potential downside of having a tough conversation while underestimating the upside over both the short and long term.

04/14/2026

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

​ 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...

04/07/2026

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

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...

04/04/2026

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/