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. January 2023
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.Search & Save Enter search below to create an easy reading list
Recent
Tariffs, Turmoil, and Family Tiffs: Navigating the Current Chaos
by Joseph Astrachan and Claudia Binz Astrachan
/ Practice Insight
You can support your business through economic uncertainty and maintain unity and commitment. Read more...
Why Some Job Seekers Avoid Family Firms
by Duygu Phillips, Kristen Madison, Sandra Wolf, Andreas Hack, and Franz Kellermanns
/ Research Insight
Family firm branding can make a company appear authentic, but it's also important to convey innovativeness, prestige, and a fair shot at getting ahead. Read more...
Outsource or Hire? Advice for Family Businesses
by Kimberly Eddleston
/ Interviews
Ben Berger and Ron Nahass of RSM talk about the benefits of letting outside contractors handle critical business functions. Read more...
Generational Experiences Shape Family Business Leaders' Priorities
by Ileana Maldonado, Paul Sanchez, and Annaleena Parhankangas
/ Research Insight
Beliefs about success, responsibility, and value creation reflect the time and place in which business owners grew up. Religion and strong family ties magnified the impact. Read more...
Trending
How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Consumers Love Local Brands. That's Good News For Family Businesses
by Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus, and Alfredo De Massis
Outside Leadership Can Save the Family Business
by Robert Sher
How Family Businesses Survive Unexpected ‘Wild Cards’
by Wojciech Czakon, Monika Hajdas, and Joanna Radomska
Why Don't You Educate Your Owners?
by Tom Rüsen, Claudia Binz Astrachan, and Ruth Orenstrat
Too Much Love in the Family Can Hurt
by Ines Herrero and Mat Hughes
Editorial offices located at St Thomas University
Popular
Test Your Startup Idea in One Day
by Max Mirho
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
The Biggest Mistakes Family Businesses Make With Their Boards
by Kimberly Eddleston
How Family Firms Can Prevent (or Cool Down) Sibling Rivalries
by Jonas Ruzek and Kimberly Eddleston
How to Pitch Your Startup to Attract Money
by Jonathan Littman and Susanna Camp
Supported by the Richard M Schulze Family Foundation