Regular Issude
//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.
How 3 Crises Made a Boat Company More Seaworthy 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.
Recent events in the US Presidential race have focused many on the question: When is someone too old to lead? Here's how family firms can think things through. Read more...
Rushed decisions tend to lead to bad outcomes. So does avoiding decisions because we’re afraid of conflict. This framework helps businesses think realistically about decision urgency. Read more...
Best Buy Founder Richard Shulze and Ritch Sorenson of the University of St. Thomas explore the opportunities that come with a changing of the guard. Read more...
A family business advisor says a change in leadership is like passing the baton in a relay race. Don't let go too abruptly. Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation