Regular Issue
//April 10, 2023 - Issue #87
Wealth Can be Hazardous to Future Family Business Leaders Substance abuse problems, lack of motivation and failure to launch are just a few of the problems that can plague young people in wealthy families. A counselor weighs in.
The Biggest Mistakes Family Businesses Make With Their Boards Family business researcher, lecturer and advisor Claudia Astrachan discusses the top mistakes family businesses make in staffing and interacting with boards, and how to do it right.
How Family Firms Help Non-Family Employees Feel Like Family Adopt programs that demonstrate commitment to stakeholders outside the family, and put non-family managers in charge of them.
What Family Businesses Need to Know About the Silicon Valley Bank Failure The SVB fallout is affecting other banks and troubling many business owners. These eight steps can help you protect your firm.
How Real-Life Family Firms Manage Succession In this New York Times article, five family firms on the cusp of succession talk about the mistakes they made and what they're learning from the process.
Seven Things to Consider Before Selling the Family Firm Former family business owners shared their experiences in this panel discussion hosted by the University of St. Thomas's Family Business Center.
Assessments Can Help Develop Family Business Leaders From simple surveys or interviews to complex, statistically robust reporting, assessments give current and future leaders a source of objective data for better decision-making.
Next-gen leaders often have a clearer view of how the family business must change. The challenge is to preserve the culture and values while making change happen. Read more...
Business families have many ways to combine financial returns with philanthropy. The choice depends on their values, long-term goals and other factors. Read more...
The successor's readiness for the top role, and the firm's age and experience with previous successions, are main factors to consider. Read more...
Across a range of disciplines, researchers have sought to identify the “bad behavior” of family firms as well as its causes and effects. Such topics include family conflict, sibling rivalry, Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation