Regular issue
//January 16, 2023 - Issue #81
It’s Complicated: Managing Succession in Cases of Divorce and Adoption As families become more complex, so does planning for succession in the business. Part 1 of our 2-part series looks at how to minimize the risks for conflict.
Advice for Family Business Successors: Be Humble and Curious The bravado and doggedness that worked for Winston Churchill and Vince Lombardi won't work at family firms, which need a more supportive leadership style.
'CHAOS' Brings Order to Family Businesses Business thinking is rational and economic; families are highly emotional. Chaos can result when the two realms intermingle, but it can be minimized.
Keeping it in the Family Experienced mentors weigh in on how to keep the peace while working with your relatives.
What Matters More for Entrepreneurs: Book Smarts or Street Smarts? In environments with high levels of uncertainty, our research showed that emotionally intelligent people were far more likely to be successful.
Developing Your Business Family Strategy: Where to Start and What to Consider Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and vision.
Exiting a Business: the Challenges and Rewards Is 2023 the year you sell your business? Get ready for a thrill ride of emotions. Here's what to expect.
Family firms often frame their history as a tale of generations (e.g., first, second, third – generation). This approach has become so ingrained in how we think about family and organizational Read more...
Governments must recognize family firms' extensive impact on local, national, and even international communities, and have policies that support their continuity. Read more...
Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril. Read more...
The award recognizes her role in launching and growing the world's leading website for supporting and educating family businesses. Read more...
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Supported by the Richard M Schulze Family Foundation