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.
Family businesses tend to give all CEOs time to prove themselves, but are tougher on outsiders who don’t deliver results after a few years. Read more...
At family firms, decisions are often shaped by traditions, preferences, or informal dynamics that are not easy to override, even for the CEO. Read more...
Sometimes the family grows much faster than the business, especially in saturated markets. This has deep implications for how we manage family and business expectations. Read more...
You can support your business through economic uncertainty and maintain unity and commitment. Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation