Our Latest Articles

July 15, 2024 - Issue #122

Single Family Offices as Owners: Long-Term Investors or Financial Optimizers? The capital structure of a firm determines its financial viability and creditworthiness. Families should understand how ownership influences this structure.

How Founders Can Stay Relevant When the Next Gen Takes Over A family business advisor says a change in leadership is like passing the baton in a relay race. Don't let go too abruptly.

Family Business Stories Build a Legacy For the Next Generation Books, websites, videos and blogs can capture a family business's saga, with all its challenges and triumphs, and shape a powerful legacy.

Persuasive Communication for Crucial Conversations A gift to our readers: a free, downloadable book about achieving win/win communication.

12 Strategies to Get Customers to Buy Your Product Playing up your product's features isn't enough. What matters most: the benefits these features provide to resolve your customer's issues.

Parental Divorce Affects Future Entrepreneurial Success While divorce can build the resilience that entrepreneurs need, it had the worst lingering effect on children from well-educated families.

Self-Interest Can Skew Budgets at Family Businesses Realistic budgets are powerful planning tools. But the motivations of owners, sales people, the production staff, and others can get in the way.

Daughter Continues Mom's Legacy of Helping Others 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.

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Family Business Budget Planning: 7 Things to Consider

Family History Can be Re-Framed to Encourage Harmony and Progress

Include the Extended Family in Your Ownership Strategy

How Boards Help Complex Family Firms Make Sound Decisions

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Recent

How Family Firms Can Identify and Preserve Their Legacy

by Miruna Radu-Lefebvre, Jim Davis, and William Gartner / Research Insight

Many family firms are not fully sure of their legacy and how to communicate it to others. Research suggests ways to get a better handle on it. Read more...

'Yellowstone' Mirrors Real-Life Family Business Dramas

by Robin Burns and Ana Gonzalez / Practice Insight

Like many family business leaders, John Dutton struggles to uphold longstanding traditions while external competitive pressures mount and next-gens clamor for change. Read more...

Consumers Love Local Brands. That's Good News For Family Businesses

by Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus, and Alfredo De Massis / Research Insight

Being a family firm enhances a brand's local appeal and influences consumer purchasing behaviors. Read more...

How to Boost Your Board's Performance

by Lars B. Sonderegger and Claudia Binz Astrachan / Practice Insight

On an ideal board, directors with different levels of experience, backgrounds, and interests form a cohesive team that pulls in the same direction, and that achieves more together than Read more...

by Joseph Astrachan and Claudia Binz Astrachan

How to Plan for a Successful Succession

by Richard Eisenberg

Retirement Options and their Consequences for Small Business Owners

by Valeria Alterman and Ariane Froidevaux

Future Family Business Owners Can Learn to Manage Conflict

by Ritch Sorenson

Family History Can Be Repurposed to Serve Today's Challenges

by Christina Lubinski and William Gartner

How to Run a Family Business Successfully

by Kerry Hannon