Regular issue

April 22, 2022 - Issue #59

Dealing with Inflation: Advice From the Experts Dealing with Inflation: Advice From the Experts Keep moving forward; adjust your product portfolio and brand; and manage your family and your money.
Family Firms: How Much Cash is Enough? Family Firms: How Much Cash is Enough? More cash can mean greater strength, but only when a strong board provides a counterbalance and an outsider's perspective.
How Thought Leadership Can Help the Heir Get Respect How Thought Leadership Can Help the Heir Get Respect Succession can be rocky when the heir is viewed as entitled to the crown, rather than deserving of it. Author Bob Buday shares tips on gaining legitimacy and loyalty.
Millennials Can Help Family Firms Expand, If Led by Their Peers Millennials Can Help Family Firms Expand, If Led by Their Peers Millennials work harder and more successfully to expand their family firm globally if their CEO is a fellow millennial and is not a family member.
The 7 Deadly Sins of Family Business Wealth The 7 Deadly Sins of Family Business Wealth

The family blunders that trigger the “shirtsleeves to shirtsleeves” curse come down to basic financial mistakes. This article shows how to avoid them.

April 26, 2022
Developing Competent Owners and Stewards for a Lasting Family Business Developing Competent Owners and Stewards for a Lasting Family Business Educating family members to become such competent, responsible stewards of the family enterprise is a responsibility, and not a choice.
Is Asking Friends and Family Members for Money the Right Move for Your Business? Is Asking Friends and Family Members for Money the Right Move for Your Business? The "friends and family round" is often the first step in raising money after self-funding your startup with your savings, yet nobody really tells you how to do it.
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Why Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville / Research Insight

Families are often reluctant to anticipate and plan for the day when an unexpected transition might upend their business. The costs of inaction are high. Read more...

How to Defuse and Recover From Family Business Conflict
by Kimberly Eddleston / Interviews

A clinical psychologist and family business advisor shares tips for cutting through emotions and focusing on conflict rationally and productively. Read more...

Helping Next-Gens Envision Their Family Firm’s Future Success
by Nadine Kammerlander and Friedrich Kammerlander / Education and Teaching

This classroom exercise seeks to motivate future family firm leaders to think ahead and design a holistic vision of their family firm in 10-15 years, covering many different (and potentially conflicting) aspects of it. Read more...

Better Let Your Brother Do It: Men Are Still Preferred in CEO Successions
by Jan-Philipp Ahrens, Melania Riefolo, Annegret Hauer, and Katharina Siegert / Research Insight

At 800 German firms, 81% chose sons over daughters in succession decisions -- and the presence of first-born sons also made them exclude outside candidates. Read more...

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Unforeseen Crisis Made These Family Businesses Stronger
by Rebecca Alguera Kleine, Bingbing Ge, and Alfredo De Massis
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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When the Family Leaves the Business, Can Their Values Remain?
by Roy Suddaby, Wilson Ng, Natalia Vershinina, Gideon Markman, and Matthew Cadbury
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation