Regular issue
//October 27, 2022 - Issue #74
Should Family Businesses Have Employee Ownership Plans? ESOPs can be an attractive option for family firms. If you're thinking of one, start the planning well before the owner retires.
Advice for Untangling Conflict in a Family Business Janme Sinha of Boston Consulting Group talks about how soft emotional issues and hard business issues can tear families apart.
Don't Send Your Kids to Work Outside the Family Business Just Yet! It's naturally assumed that future leaders should toil in the trenches somewhere else first, but this has some significant drawbacks.
Family CEO Burnout: How to Prevent, Recognize and Deal With It How can leaders keep themselves from getting worn down or recognize burnout in themselves? And what should family members do if they see their leader struggling?
Family Firms: Like the Wolverine? A joint KPMG and STEP Project report suggests family businesses have built-in regenerative powers, just like Wolverine of the X-Men, and shares ways to tap these powers.
Should Family Members Be the 'Face' of Your Company? Making family members part of your business's image has both benefits and risks. How to weigh if it's the right move.
How to Keep Remote Workers Inspired and Engaged Tradition-bound businesses will need to change how they manage people to keep them happy and focused on achieving business goals. 
Family members may feel “trapped” in conflicts, unable to resolve substantive issues without damaging their familial relationships. This often leads to disputes that persist for decades. Read more...
Family business mergers enjoy greater harmony and better financial performance than mergers involving non-family firms. Read more...
A study of 13,500 family firms shows that nearly half of heirs don’t know where the assets are -- and 3 in 5 wouldn’t know what to do if the founder died suddenly. Read more...
Using AI can be risky in settings where confidentiality is key, but it can be indispensable in developing innovative services that clients expect. Here's how to harness it safely. Read more...
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Supported by the Richard M Schulze Family Foundation