Happy Holidays From FBLI

On December 5, FBLI family members gathered at the home of Dr. David Borst and Beth Borst to share a little holiday cheer and reminisce about 2017.  A fun time was had by all. We would like to extend a special thanks to the Borsts for opening their house for this special event.

ITA students hit the airwaves on the ALL BUSINESS radio show, hosted by Dr. Dave of FBLI

    FBLI members, Kulbir Singh and Jess Tuli founded ITA, a choice school located on Milwaukee’s northwest side ten years ago. Their hard work, grit, passion, sweat, tears and joy have grown the school to more than 250 students. With a heavy emphasis on reading skills, their mantra is: Success is the only option. The stories are heart-breaking and… Read more »

Why are mature family-owned businesses vulnerable to decline and failure?

From a strategic perspective, family-owned enterprises are most susceptible to accelerated decline and failure precisely because of their own reliance on the individual entrepreneur or next-generation CEO. The hero, who founded and led the young business to accelerated growth, displays a natural disdain for organizational architecture, and for establishing systems, professional managerial practices, and governance… Read more »

Service Providers Roundtable Wrap-Up

On November 13, FBLI service provider members got together to hear a breakfast presentation by Dan Matola, CFA, President and Chief Investment Officer of Jacobus Wealth Management. Dan provided an overview of the current economy and what it means for family owned service provider businesses. Some key take away points: -The US economy is picking… Read more »

Why do ownership structures that worked well in one generation often prove ineffective in later generations?

 “What got you here won’t get you there” is the name of a book written by Marshall Goldsmith, executive coach to successful Fortune 500 CEO’s. It’s also a statement that applies to the company’s organizational structure as the family business moves from generation to generation. The reason is simple: the organizational complexity increases as the number… Read more »