Our Latest Articles

May 07, 2021 - Issue #31

10 Golden Principles to Guide Your Succession Planning 10 Golden Principles to Guide Your Succession Planning While every family business is different, these guidelines can help most firms smooth out the succession process and maintain family relations as a bonus.
Succession: Don't Assume Your First-Born is the Anointed One Succession: Don't Assume Your First-Born is the Anointed One Companies that appointed a second- or subsequent-born child as their next company leader enjoyed a better return on assets than those who picked the first-born, our research showed.
Beyond Succession: Family Firms Need a Legacy Plan Too Beyond Succession: Family Firms Need a Legacy Plan Too A family venture can thrive if its values are passed along to the next generation. Defining those values is the first challenge.
Daughters prepare to lead family firms Daughters prepare to lead family firms Daughters are increasingly assuming leadership roles at family firms. In this video, two future business leaders talk about family expectations, their worries, their hopes for the future and the importance of knowing their value.
Successful Successions are Never Smooth Successful Successions are Never Smooth The people involved expect the conflict, view it as natural and do not let it get in the way of things. Here are four tips for the big handoff.
Special issue: Succession
Surprising reasons owners exit family businesses Surprising reasons owners exit family businesses Concentrate less on succession planning and more on managing conflict and making the firm profitable.
Playing the Succession Game to Ensure Family Business Continuity Playing the Succession Game to Ensure Family Business Continuity Game theory provides a mathematical way to look at sibling competition and its emotional costs -- and suggests insights for achieving the best outcome.
Dennis Jaffe on Managing Transition Dennis Jaffe on Managing Transition

A thought leader in the world of family business shared his thoughts in Forbes on how to manage the shift to the next generation of leadership.

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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...

Daughter Continues Mom's Legacy of Helping Others
by Kimberly Eddleston / Interviews

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. Read more...

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
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Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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A Family's Non-Financial Values Shape Its Sustainability Strategy
by Josh Hsueh, Alfredo De Massis, and Luis Gomez-Mejia
Managing Emotional Minefields Within Family Businesses
by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation