Stranberg

Learn how informal stakeholders can impede the success of your family business succession plan – and how to avoid common pitfalls: https://ow.ly/Boek50Uv7xe

In case you missed it, we're wrapping up our series on one of our favorite succession stories. A $100M agriculture giant, third-generation family business, and a decision that challenged conventional wisdom about family leadership. We've pulled out 5 key insights that really capture why this story matters for every family business leader. Swipe through to understand how this family's choice to bring in outside leadership didn't just preserve their legacy - it strengthened it. 🎥 The whole story is on our blog and our YouTube channel—links in comments. #FamilyBusiness #FamilyOwned #SuccessionPlanning #FamilySuccession #SuccessionStories

In family-owned businesses, ownership and shareholder concerns are deeply personal—rooted in tradition, legacy, and often an intent to pass down equity across generations. However, when it comes to attracting top executive talent, these intrinsic values don’t necessarily align with the external talent market's priorities. The best candidates in the market typically seek compensation structures that provide them with a tangible stake in the company's success, often asking for equity as part of their package. The tension arises because, while the family may prioritize keeping ownership within family lines, external leaders are looking for “skin in the game”—a share of the company that aligns their efforts and rewards with the company's long-term success. Without a thoughtful approach, this disconnect between family goals and executive expectations can make it challenging to attract and retain the best candidates. This is where an experienced, family-focused advisory firm like Stranberg steps in. By understanding both the family’s desire to preserve ownership and the talent market’s expectations, we help craft compensation strategies that satisfy both sides, ensuring leadership continuity and alignment without compromising family values. #familybusiness #succession #successionplanning #familyowned #talentsearch #executivesearch

🔍 3 Reasons Family-Owned Businesses Need a Different Kind of Executive Search and Leadership Advisory When it comes to executive transitions, family businesses face a unique set of challenges. From deeply rooted loyalty to generational ties, these businesses thrive on low turnover and a strong sense of identity. But this strength can become a challenge when it’s time for leadership change. 🌱 Imagine having the same CFO for 30 years—suddenly, finding someone new isn’t just about qualifications; it’s about finding a cultural fit who understands the family’s mission and values. That’s where a specialized advisor comes in, aligning leadership with your family’s unique ethos, rather than just filling a role with industry stats. Curious to learn how your family business can ensure smooth leadership transitions? Check out our latest blog post [link in comments] to explore why it pays to partner with an advisor who truly “gets” family culture. #familybusiness #successionplanning #executivesearch #talentsearch #familyowned

As a family business leader, you already know that running a family-owned company comes with its own set of challenges. When it comes to bringing in outside leadership, the stakes are even higher. You need more than just someone with the right industry experience. You need a leader who understands your family's legacy, values, and vision—and can seamlessly integrate with your team. That's why choosing the right executive search partner is essential. #familyowned #familybusiness #talentsearch #executivesearch #succession #successionplanning

Over the past few months, we've discussed strategies for winning the war for talent as a family business, as well as the key principles for selecting the right CEO during succession planning. If you've enjoyed watching these series or if you've missed any part of them, you can find all of our videos for family leaders and advisors on our YouTube channel. 📺 This month, we will be discussing how and why to find the right executive search partner. Stay tuned here or follow along on YouTube at https://lnkd.in/gi7pgz7r #familybusiness #familyowned #successionplanning #executivesearch #talentsearch #talentadvisory

This month, we are talking about the 3 principles we use at Stranberg when helping families find the right CEO to lead their business. The first principle of leadership is simple: all leaders must be qualified for their role, regardless of their relationship to ownership. In both family and publicly traded businesses, too much is at stake to overlook qualifications. Success depends on having the right leaders to steer the ship and protect the interests of everyone—owners, employees, and customers alike. Read more about this principle and others in our latest blog. Link in comments. #succession #successionplanning #familybusiness #familyowned #executivesearch

🔍 We've seen it time and again in our work at Stranberg—when roles and responsibilities aren't clear in a family business, it can drive top talent away. And it's not just frustrating for them; it’s a huge missed opportunity for the business. This is the second part of our three-part series on the biggest mistakes families make in the war for talent. You can watch the video related to this common mistake at the link in comments. In the meantime, we've put together an article on this issue that offers some practical tips on how to fix it. Getting this right can make all the difference in the longevity of your family business. 👉 Read more here: https://lnkd.in/gUWJzChE #FamilyBusiness #TalentManagement #TalentSearch #ExecutiveSearch #FamilyOwned #Succession #SuccessionPlanning

🚨 Uncertainty is the enemy of talent. To attract and retain top executives, family-owned businesses need to offer more than just "trust us." 🤝 📈 Our latest blog shares the top three mistakes families make in the war for talent. Learn how to recognize the signs of these three mistakes and get recommendations for turning challenges into opportunities. This will help you build a team that shares your family values and has the ability to drive your business forward. 🚀 👉 Read the full article here: https://lnkd.in/gvCS8yRw #FamilyBusiness #TalentManagement #Succession #TalentSearch #ExecutiveSearch