Our Latest Articles

October 23, 2023 - Issue #100

Women Show Their Strengths When Family Businesses are in Trouble  Women Show Their Strengths When Family Businesses are in Trouble  Even in countries where men dominate, women proved to be innovators in times of crisis, a Honduras study showed.
Let's Talk About Money -- and Trauma Let's Talk About Money -- and Trauma Childhood shapes how heirs view the family firm and the wealth it has created. Older generations must start the conversations that confront the issues.
David Deeds

Editor's Pick

David Deeds

Simon Sinek: How great leaders inspire action

Simon Sinek presents a simple but very powerful idea: the power of "why," specifically the power of creating a purpose, a cause or a belief that motivates others. If you are leading a startup, group or team, creating a shared purpose is perhaps the most important outcome you can achieve. http://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action?language=en

TEDxPuget Sound Sep 2009

Growing Pains: Helping a Family Office to Evolve Growing Pains: Helping a Family Office to Evolve The Single Family Office should be a strategic partner that ensures future stability, but this family saw them as a piggybank.
10 Things That Help Family Businesses Preserve Their Legacy 10 Things That Help Family Businesses Preserve Their Legacy A longtime family business advisor, financier and entrepreneur shares what a legacy involves, and critical areas that must be addressed to keep it thriving.
How Families Can Run Their Businesses With Both Head and Heart How Families Can Run Their Businesses With Both Head and Heart In this audiocast, two family business experts discuss the passions and priorities of the family versus the need for clearheadedness and professionalism.
How the Right Mix of Employee Incentives Fosters Innovation How the Right Mix of Employee Incentives Fosters Innovation Whether your family business’s culture is traditional or modern, you can honor the past and still prepare for the future.
Generative AI Can Help Family Businesses Innovate and Grow Generative AI Can Help Family Businesses Innovate and Grow Technology can now take care of mundane tasks, and give people more time for satisfying, impactful work that requires creativity, emotional intelligence and empathy.
Build the Strong Family Bonds That Lead to Business Success Build the Strong Family Bonds That Lead to Business Success Being emotionally or geographically distant can undermine the family's ability to work together productively. A family business advisor shares tips for success.
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Recent
The Next Generation Can Help the Family Firm Innovate
by Richard Schulze and Ritch Sorenson / Commentary

Best Buy Founder Richard Shulze and Ritch Sorenson of the University of St. Thomas explore the opportunities that come with a changing of the guard. Read more...

Family Business Stories Build a Legacy For the Next Generation
by Kimberly Eddleston / Interviews

Books, websites, videos and blogs can capture a family business's saga, with all its challenges and triumphs, and shape a powerful legacy. Read more...

Daughter Continues Mom's Legacy of Helping Others
by Kimberly Eddleston / Interviews

Blessings in a Backpack can inspire any family-run business or organization that hopes to continue the founder's spirit and mission in the next generation. Read more...

Self-Interest Can Skew Budgets at Family Businesses
by Joseph Astrachan / Practice Insight

Realistic budgets are powerful planning tools. But the motivations of owners, sales people, the production staff, and others can get in the way. Read more...

Trending
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

Popular
Managing Emotional Minefields Within Family Businesses
by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation