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
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...
Trending
How Family Firms Can Prevent (or Cool Down) Sibling Rivalries
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
Editorial offices located at St Thomas University
Popular
Dick Schulze Reflects on Our Growing Impact
by Catherine Buday
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
The Biggest Mistakes Family Businesses Make With Their Boards
by Kimberly Eddleston
Field of Dreams: Exploration of Entrepreneurial Possibilities
by Michael Lounsbury and Tim Hannigan
Class Explores Legal Aspects of Business Entities
by Tanya Marcum
Future Family Business Owners Can Learn to Manage Conflict
by Ritch Sorenson
Supported by the Richard M Schulze Family Foundation