Timely and Timeless Advice for 2023

December 19, 2022 - Issue #79

Thicker Than Water: Balancing Individual Career Goals and the Family Business 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 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 '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 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 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? 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 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 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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Recent
The Next Generation Can Help the Family Firm Innovate
by Richard Schulze and Ritch Sorenson / Commentary

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...

Family Business Stories Build a Legacy For the Next Generation
by Kimberly Eddleston / Interviews

Books, websites, videos and blogs can capture a family business's saga, with all its challenges and triumphs, and shape a powerful legacy. Read more...

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...

Trending
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

Popular
Managing Emotional Minefields Within Family Businesses
by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation