Our Latest Articles

November 20, 2023 - Issue #102

Here's Why Family Businesses Need Branding For family firms, branding is not about marketing but about reputation -- how customers, employees, suppliers and others perceive them.

Keep the Founder's Entrepreneurial Spirit Alive in Future Generations While entrepreneurship often creates the family's wealth, making it part of the family culture and legacy is another matter entirely. Here's how.

Good Intentions Can Sow Dysfunction at Family Businesses A family business advisor talks about what well-meaning families get wrong about succession, conflict, and salaries, and what they can learn from watching "Cake Boss."

Help Your Family Business by Helping Others Philanthropy can be a catalyst for leadership development, and generate support and good will towards the business in the community.

Do You Treat In-Laws Like the Family Business Outlaws ? Families differ in their willingness to integrate outsiders into their family circle, but be careful: these actions influence the included or excluded individuals in different ways.

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Family Business Succession, Innovation, and Compensation: What You Need to Know A family business scholar and a consultant discuss family values; succession planning; compensation for family and non-family members; and being bold without burning through resources.

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Everyday Gratitude in Times of Uncertainty

When Is a Family Business Leader Too Old?

A False Sense of Urgency Helps Neither Family Nor Business

How Founders Can Stay Relevant When the Next Gen Takes Over

Popular Topics

Money

Financing, revenue, profits

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Staffing, succession, relationships

Manage

Best practices for running the business

Grow

Increase customers and revenue

Strategy

Making better decisions

Operations

How the best firms run

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...

Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

by Joern Block, Reza Fathollahi, and Onur Eroglu / Research Insight

The capital structure of a firm determines its financial viability and creditworthiness. Families should understand how ownership influences this structure. 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...

Family Business Budget Planning: 7 Things to Consider

by Joseph Astrachan / Practice Insight

Family firms -- indeed, any entrepreneur-led business -- should put aside the self-interest of different departments, and focus first on these critical factors. Read more...

by Jonas Ruzek and Kimberly Eddleston

How to Plan for a Successful Succession

by Richard Eisenberg

How Family Dynamics Shape Family Businesses

by Joseph Astrachan and Claudia Binz Astrachan

How to Run a Family Business Successfully

by Kerry Hannon

Family Business Succession: Your Questions Answered

by Kimberly Eddleston and Mat Hughes

Managing Emotional Minefields Within Family Businesses

by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann