Regular issue

October 27, 2022 - Issue #74

Should Family Businesses Have Employee Ownership Plans? 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 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! 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 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? 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.

October 2022
Should Family Members Be the 'Face' of Your Company? 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 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.
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Daughter Continues Mom's Legacy of Helping Others
by Kimberly Eddleston / Interviews

Blessings in a Backpack can inspire any family-run business or organization that hopes to continue the founder's spirit and mission in the next generation. Read more...

Self-Interest Can Skew Budgets at Family Businesses
by Joseph Astrachan / Practice Insight

Realistic budgets are powerful planning tools. But the motivations of owners, sales people, the production staff, and others can get in the way. Read more...

A Secret to Success: Family Business Centers
by Kimberly Eddleston / Interviews

While family members running a business together often lean on one another for advice, they can often learn best from people running other family businesses. Read more...

Attitudes Towards Money Can Cloud Family Business Decisions
by Claudia Binz Astrachan and Anneleen Michiels / Applied and Practice

A family’s orientation towards money and wealth can harm the business and sell future generations short. Read more...

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
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

Popular
A Family's Non-Financial Values Shape Its Sustainability Strategy
by Josh Hsueh, Alfredo De Massis, and Luis Gomez-Mejia
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation