Co-CEO Structure: Are Two Heads Better than One in a Family Business?

by Brent Williams on October 4, 2016 Comments Off on Co-CEO Structure: Are Two Heads Better than One in a Family Business?

Leading a business under almost any circumstances is challenging. And as you likely know, leading a family business brings with it specific collateral responsibilities that can add to the complexity, stress and difficulty of that job. What we are hearing from junior generation family employees is: If the business is not professionally run (as if it were a public company) that in today’s competitive environment, extinction of the business is a real threat. That data has some interesting implications. It’s comforting in that professional management will help ensure the best person is in the top seat (be they family or non-family leaders). It’s also daunting to many potential family successors who worry that they might not bring everything that the job requires.

The skills required to run a company continue to increase…

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Brent

Brent Williams is Brand Development Manager at MacKenzie Corporation. His optimism is contagious, and he brings a unique energy to all of his projects. While Brent carries an “outside the box” mentality, his ideas are conceptually based on his formal business education and extensive work experience as a Research Consultant for top-tier organizations such as the NFL, NBA, NHL, Red Bull USA and many others.

Brent WilliamsCo-CEO Structure: Are Two Heads Better than One in a Family Business?