Family Businesses Share What Works

March 16, 2026 - Issue #163

What it Takes to Build a Four-Generation Business What it Takes to Build a Four-Generation Business From a single bulldozer in the 1950s, this top Rhode Island construction firm has thrived by adhering to its founder's core values.
Family Firm Values Start at an Early Age Family Firm Values Start at an Early Age Values, as Mitzi Perdue points out, help children become responsible stewards of the family business when it's their turn. 
Twins Can Be a Family Business's Superpower Twins Can Be a Family Business's Superpower While forever being part of a duo can be challenging, twins can bring many strengths to their family business when they are aligned with each other.
Getting Along: Straight Talk from a Family Business Veteran Getting Along: Straight Talk from a Family Business Veteran Trust people. Walk around a lot so you meet more non-relatives. And don't show off your new car when the firm is tightening the belt.
Tavern Has the Recipe for Appeal and Profitability Tavern Has the Recipe for Appeal and Profitability Fickle customers, tricky finances -- how a popular Rhode Island tavern meets the industry's key challenges.
Daughters are Taking Over Family Businesses Daughters are Taking Over Family Businesses As boomer business owners age, they increasingly are passing on their enterprises to their daughters.
Lessons From the Perdue and Sheraton Families on Getting Along Lessons From the Perdue and Sheraton Families on Getting Along Mitzi Perdue, author of a book about family businesses and widow of Frank and daughter of a Sheraton Hotels founder, shares lessons about family harmony.
Tips For Hiring Your Parents
Advice for Family Business Successors: Be Humble and Curious Advice for Family Business Successors: Be Humble and Curious The bravado and doggedness that worked for Winston Churchill and Vince Lombardi won't work at family firms, which need a more supportive leadership style.
Trust Me: I'm a Salesman Trust Me: I'm a Salesman A former police offer had to learn to sell when he became an entrepreneur.
Should Your Next CEO be From Outside the Family? Should Your Next CEO be From Outside the Family? What happens when the best leader for your family business isn't part of the family? One company decided to look outside, and it improved family relationships.
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How Families Can Re-Engage Reluctant Successors Without Pressure
by John Cater, Roland Kidwell, Megan Harper, and Marilyn Young / Research Insight

Successors recommit when roles align with their values, skills, and life stage—and when family dynamics allow earlier experiences to be reinterpreted. Read more...

How Families Shape Successor Motivation—and the Firm’s Long-Term Direction
by Alexandra Dawson / Research Insight

Family firms don’t have goals—people do. The rise and fall of Italy's Florio dynasty shows how successor motivation shapes the balance between growth, legacy, and community—and how families can build more durable, values-led leadership. Read more...

Will Your Nonfamily Employees Defend Your Business? 
by Sarah Burrows, Craig Crossley, Catherine Faherty, and Jim Combs / Research Insight

A stewardship climate, where employees feel trusted and truly valued, mobilizes nonfamily employees to defend the family firm against reputational threats.   Read more...

You're Adding a Board of Directors. Is Your Management Team Ready?
by Rostyslav Vovk / Commentary

A Ukraine-based family business installed a board to provide structure as it scaled globally. Here's how the owners overcame top managers' fears and won their support. Read more...

Popular
Things to Consider When Transferring Family Business Ownership
by Susan Lanz, Gary Burke, Kajsa Haag, and Omid Omidvar
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation