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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‘SOBs’: The Real Power in Family Businesses

Craft Ventures are More Successful With a Couple at the Helm

Articles About Relationships, Succession Were Top Draws in 2024

Hiring Mom and Dad? Optimize Their Strengths and Manage Boundaries

Popular Topics

Money

Financing, revenue, profits

Team

Staffing, succession, relationships

Manage

Best practices for running the business

Grow

Increase customers and revenue

Strategy

Making better decisions

Operations

How the best firms run

Recent

The HERO Model: How Family Enterprise Leaders Can Accelerate Change

by Doug Gray, PhD / Practice Insight

Hope, efficacy, resilience and optimism can make us better people and better leaders. This article explores how we can cultivate it within ourselves. Read more...

Protect Your Family Business From Crime

by Paul Sanchez, Matthew Wood, Tim Michaelis, and Jaime Suarez / Research Insight

In crime-prone regions, activities like selling in physical stores, regular trips to the bank, and talking openly about business growth can make business owners targets. Read more...

Transferring Family Wealth to the Next Generation: What’s Fair?

by Martin Kemp and Susan Lanz / Practice Insight

Trillions of dollars are about to be handed down from baby boomers to younger generations. Family firms must consider how to transfer their ownership shares, and to whom. Read more...

Family History Can be Re-Framed to Encourage Harmony and Progress

by Lara Pecis, Bingbing Ge, and Florian Bauer / Research Insight

The goals of the family and the business are often at odds. Family history can inspire bold and necessary steps that are still in harmony with the family’s image of itself. Read more...

by Joseph Astrachan and Claudia Binz Astrachan

Why Families and Their Firms Behave Badly

by Roland Kidwell, Kimberly Eddleston, Linda Kidwell, John Cater, and Ellison Howard

The Paradox of Choice: Wealth's Impact on Family Potential

by Doug Baumoel

How Family Firms Can Prevent (or Cool Down) Sibling Rivalries

by Jonas Ruzek and Kimberly Eddleston

The Biggest Mistakes Family Businesses Make With Their Boards

by Kimberly Eddleston

Family Business Succession Planning: 10 Golden Rules

by Tom Rüsen, Torsten Groth, and Arist von Schlippe