Timely and Timeless Advice for 2023

December 19, 2022 - Issue #79

Thicker Than Water: Balancing Individual Career Goals and the Family Business Whose aspirations are being fulfilled with family company employment – the individual’s, the family’s, or both? This study explores the fault lines where individual and group needs meet.

Family Business Experts: How to Survive the Holidays We're republishing this popular article from year-end 2019, which includes timeless advice about getting along from our family business editors.

'Big Family:' Relatives Outside the Family Business Can Help It Thrive Too often, family businesses are caught up in their own small circle of relationships. Expanding that circle provides fresh perspectives and helps them thrive.

Innovating With Agility: Tips and Tricks for Resurgence and Growth Any crisis brings opportunities to rethink what your family business can do or should do moving into the future. This article and podcast will stimulate reflection.

What Families in Conflict Can Learn from Baseball and Teachers Using a hybrid of mediation and arbitration offers a real chance to preserve family relationships during a difficult period of conflict.

December 2022

Family Businesses: The Greener, the Better? To get the best payback from environmental initiatives, look to younger generations and non-family members inside and outside the firm.

Dealing with Inflation: Advice From the Experts Keep moving forward; adjust your product portfolio and brand; and manage your family and your money.

Winemakers Provide Lessons on Resilience For venerable winemakers who’ve survived for generations, resilience is very subjective, and perception shapes how they pursue it.

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How to Boost Your Board's Performance

Separate Family Offices Can Minimize Money Problems

Women Encourage Candor at Family Businesses

Family Firms Must Address Mental Health Challenges

Popular Topics

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Staffing, succession, relationships

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Recent

Involve Next-Gens in Developing Your Social Media Policy

by Claudia Binz Astrachan, Tom Rüsen, and Rebecca DeYarman / Practice Insight

Consider a social media policy as a relatively “low-hanging fruit” to introduce the next generation to family governance work. Read more...

Family Businesses Can Learn From the Battling Brothers of Oasis

by Salvatore Sciascia / Commentary

Fighting caused Liam and Noel Gallagher to throw away 18 years of work. Family firms must do these five things to avoid the same fate. Read more...

Employees With Toxic Traits Can Still Be An Asset at Family Firms

by Benjamin McLarty and Daniel T. Holt / Research Insight

The emotional connection that families have with their companies can encourage good performance -- even from employees with narcissism, psychopathy, and Machiavellianism. Read more...

'Performance-Enhancing Vices': Good for Business, Bad for Relationships

by Kimberly Eddleston and David Werdiger / Commentary

Advisor and author David Werdiger talks about the business benefits and personal drawbacks of being selfish and stubborn. Read more...

by Joseph Astrachan and Claudia Binz Astrachan

Retirement Options and their Consequences for Small Business Owners

by Valeria Alterman and Ariane Froidevaux

The Biggest Mistakes Family Businesses Make With Their Boards

by Kimberly Eddleston

Future Family Business Owners Can Learn to Manage Conflict

by Ritch Sorenson

How to Run a Family Business Successfully

by Kerry Hannon