Our Best Advice for the Year Ahead
//December 18, 2023 - Issue #104
An Innovation Challenge Can Help Employees Feel More Connected A Minneapolis-based firm challenged employee teams to design and build something that would help people in their local community. 
Everyday Gratitude in Times of Uncertainty Gratitude leads to better relationships and encourages loyalty among our colleagues. This popular 2020 article has been updated for today's challenges.
Master Three Perilous Stages of Family Business Transition Avoiding these minefields before, during, and after succession will help both your business and your relationships. Leave your own thoughts here! 
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.
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.
Why Don't You Educate Your Owners? Everyone agrees that families should train members to become competent owners and stewards of the family business – but few of them actually walk the talk.
Diverse Boards Help Family Businesses Expand Internationally Pushing into new markets across geographic borders requires a family business to be more focused on possibilities…and this is where boards can make the difference. How to Avoid Family Business Disasters
How Family Businesses Survive Unexpected ‘Wild Cards’ From government upheaval to COVID, Poland has dealt with many devastating events over the past 30 years. Fifteen family firms told us how they survived it all. 
Seven Things to Consider Before Selling the Family Firm Former family business owners shared their experiences in this panel discussion hosted by the University of St. Thomas's Family Business Center.
Will Your In-Laws Help or Hurt Your Family Business? As the Gucci and royal families show, in-laws can complicate things. Here's how family businesses can benefit from their perspectives and minimize conflict.Search & Save Enter search below to create an easy reading list
Recent
Hiring Mom and Dad? Optimize Their Strengths and Manage Boundaries
by Kimberly Eddleston
/ Interviews
Sharon Beck, owner of a Jovie Childcare franchise, shares her insights on the benefits and challenges of being your parents' boss. Read more...
The HERO Model: How Family Enterprise Leaders Can Accelerate Change
by Doug Gray, PhD
/ Practice Insight
Hope, efficacy, resilience and optimism can make us better people and better leaders. This article explores how we can cultivate it within ourselves. Read more...
Protect Your Family Business From Crime
by Paul Sanchez, Matthew Wood, Tim Michaelis, and Jaime Suarez
/ Research Insight
In crime-prone regions, activities like selling in physical stores, regular trips to the bank, and talking openly about business growth can make business owners targets. Read more...
Transferring Family Wealth to the Next Generation: What’s Fair?
by Martin Kemp and Susan Lanz
/ Practice Insight
Trillions of dollars are about to be handed down from baby boomers to younger generations. Family firms must consider how to transfer their ownership shares, and to whom. Read more...
Trending
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Why Families and Their Firms Behave Badly
by Roland Kidwell, Kimberly Eddleston, Linda Kidwell, John Cater, and Ellison Howard
The Paradox of Choice: Wealth's Impact on Family Potential
by Doug Baumoel
How Family Firms Can Prevent (or Cool Down) Sibling Rivalries
by Jonas Ruzek and Kimberly Eddleston
The Biggest Mistakes Family Businesses Make With Their Boards
by Kimberly Eddleston
Family Business Succession Planning: 10 Golden Rules
by Tom Rüsen, Torsten Groth, and Arist von Schlippe
Editorial offices located at St Thomas University
Popular
Test Your Startup Idea in One Day
by Max Mirho
Family History Can Be Repurposed to Serve Today's Challenges
by Christina Lubinski and William Gartner
Retirement Options and their Consequences for Small Business Owners
by Valeria Alterman and Ariane Froidevaux
How to Pitch Your Startup to Attract Money
by Jonathan Littman and Susanna Camp
How to Plan for a Successful Succession
by Richard Eisenberg
How to Run a Family Business Successfully
by Kerry Hannon
Supported by the Richard M Schulze Family Foundation