Our Latest Articles
//January 27, 2022 - Issue #52
Diversify Your Family's Risks by Returning to Its Entrepreneurial Roots Don't invest in the market or seek to acquire other firms. Instead, rediscover the thinking that made your business outstanding in the first place.
A Family Firm Can Be Both an Innovator and a Great Place to Work Both relatives and non-relatives should feel happy, secure and “part of the family” without getting so complacent that they don’t challenge the status quo.
Sinking ship? How one family firm sailed through several crises A Finland-based family business that hadn't innovated in calmer times drew on its heritage and untapped strengths to get it through periods of stress.
Strategies for Keeping Your Family Connected We continue our discussion with Mitzi Perdue, widow of Frank and daughter of a Sheraton Hotels founder, who shares what she's learned about family unity.
When Adult Kids Fail to Launch A business lawyer who has worked with family firms offers seven steps for families with adult kids who've been overly dependent. Parents' behavior and family culture and dynamics all play a role.
Getting Along: Straight Talk from a Family Business Veteran Trust people. Walk around a lot so you meet more non-relatives. And don't show off your new car when the firm is tightening the belt.
Fostering Diversity and Inclusion Can Be Good for Business It can bring stronger connections with customers, better problem solving and enhanced creativity. Here's how to get started.
'Succession' on Screen and For Real Familybusiness.org's Kimberly Eddleston was interviewed by the Wall Street Journal for this article discussing parallels between the HBO hit series and everyday family firms.
The most important investor may be your own successors. Investor readiness supports smooth transitions, builds trust, enhances enterprise value, and keeps strategic options open—whether you sell, recapitalize, or stay independent. Read more...
Unrealistic depictions of the sacrifices and tradeoffs of family business leadership -- streamed repeatedly -- can color younger people’s attitudes towards taking the helm. Read more...
In Japan, family businesses are encouraged to help one another for the benefit of their shared customers and their community. It has helped them survive setbacks and thrive. Read more...
As Prince Andrew showed, one person’s behavior can become everyone’s problem. Families must set expectations, outline processes, and provide clarity before emotions take over. Read more...
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Supported by the Richard M Schulze Family Foundation