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
Tariffs, Turmoil, and Family Tiffs: Navigating the Current Chaos
by Joseph Astrachan and Claudia Binz Astrachan
/ Practice Insight
You can support your business through economic uncertainty and maintain unity and commitment. Read more...
Family Firms: The Time to Learn About AI is Now
by Marek Kolinski and Stephanie Larscheid
/ Commentary
Like the telephone or the internet, AI is here to stay, and we need to learn how to work with it. Read more...
Why Some Job Seekers Avoid Family Firms
by Duygu Phillips, Kristen Madison, Sandra Wolf, Andreas Hack, and Franz Kellermanns
/ Research Insight
Family firm branding can make a company appear authentic, but it's also important to convey innovativeness, prestige, and a fair shot at getting ahead. Read more...
Outsource or Hire? Advice for Family Businesses
by Kimberly Eddleston
/ Interviews
Ben Berger and Ron Nahass of RSM talk about the benefits of letting outside contractors handle critical business functions. Read more...
Trending
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Consumers Love Local Brands. That's Good News For Family Businesses
by Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus, and Alfredo De Massis
Outside Leadership Can Save the Family Business
by Robert Sher
Too Much Love in the Family Can Hurt
by Ines Herrero and Mat Hughes
How to Plan for a Successful Succession
by Richard Eisenberg
Future Family Business Owners Can Learn to Manage Conflict
by Ritch Sorenson
Editorial offices located at St Thomas University
Popular
Test Your Startup Idea in One Day
by Max Mirho
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
The Biggest Mistakes Family Businesses Make With Their Boards
by Kimberly Eddleston
How Family Firms Can Prevent (or Cool Down) Sibling Rivalries
by Jonas Ruzek and Kimberly Eddleston
How to Pitch Your Startup to Attract Money
by Jonathan Littman and Susanna Camp
Supported by the Richard M Schulze Family Foundation