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.

Search & Save Enter search below to create an easy reading list

When Is a Family Business Leader Too Old?

A False Sense of Urgency Helps Neither Family Nor Business

How Founders Can Stay Relevant When the Next Gen Takes Over

Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

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 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...

Family Business Budget Planning: 7 Things to Consider

by Joseph Astrachan / Practice Insight

Family firms -- indeed, any entrepreneur-led business -- should put aside the self-interest of different departments, and focus first on these critical factors. 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...

by Jonas Ruzek and Kimberly Eddleston

How to Plan for a Successful Succession

by Richard Eisenberg

How Family Dynamics Shape Family Businesses

by Joseph Astrachan and Claudia Binz Astrachan

How to Run a Family Business Successfully

by Kerry Hannon

Family Business Succession: Your Questions Answered

by Kimberly Eddleston and Mat Hughes

Managing Emotional Minefields Within Family Businesses

by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann