Our Latest Articles

January 27, 2022 - Issue #52

Diversify Your Family's Risks by Returning to Its Entrepreneurial Roots 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 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 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 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 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.

January 2022
Getting Along: Straight Talk from a Family Business Veteran 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 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 '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.

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Family Business Leaders' Fear of Failure Can Inhibit Next Gens
by Seyyede Sharare Bagherian, Sonia M. Strano, Sohrab Soleimanof, Jon Carr, and S. Alireza Feyzbaksh / Research Insight

When parents openly display fear of failing, it can unintentionally portray entrepreneurship as unsafe, undesirable, or even shameful. This doesn't help their successors or the business. Read more...

Are the 'Best Practices' All Wrong for Your Family Business?
by Luciana Lucena de Lima and María José Parada / Research Insight

The best processes and systems come not from outside advisers and experts, but from how families actually live, relate to one another, and make decisions.  Read more...

Hand Down the Family Business but Keep a Hand In
by Lin Grensing-Pophal / Features

Skip-generation entrepreneurship combines the wisdom of business founders with the energy and tech savviness of their grandchildren. Read more...

Family CEOs May Encourage More Innovation Than Non-Family Leaders
by Mario Daniele Amore, Morten Bennedsen, Bordin Bordeerath, and Nicolai Foss / Research Insight

While professional non-family leadership may bring some advantages, the stability brought by family leaders may encourage employees to innovate without fear of failure. Read more...

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Consumers Love Local Brands. That's Good News For Family Businesses
by Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus, and Alfredo De Massis
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Family Business Succession Planning: 10 Golden Rules
by Tom Rüsen, Torsten Groth, and Arist von Schlippe
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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How to Pitch Your Startup to Attract Money
by Jonathan Littman and Susanna Camp
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation