Regular Issue

April 10, 2023 - Issue #87

Wealth Can be Hazardous to Future Family Business Leaders 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 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 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 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 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.

April 2023
Seven Things to Consider Before Selling the Family Firm 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 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.
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Recent
Self-Interest Can Skew Budgets at Family Businesses
by Joseph Astrachan / Practice Insight

Realistic budgets are powerful planning tools. But the motivations of owners, sales people, the production staff, and others can get in the way. Read more...

A Secret to Success: Family Business Centers
by Kimberly Eddleston / Interviews

While family members running a business together often lean on one another for advice, they can often learn best from people running other family businesses. Read more...

Twins Can Be a Family Business's Superpower
by Kimberly Eddleston / Commentary

While forever being part of a duo can be challenging, twins can bring many strengths to their family business when they are aligned with each other. Read more...

How to Transform an Outdated Board
by Joseph Giglio and John Friar / Applied and Practice

Here's how leadership can convince board members to vote for change that may not be in their self-interest but that would be better for the business. Read more...

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Managing Emotional Minefields Within Family Businesses
by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann
Family Business Succession Planning: 10 Golden Rules
by Tom Rüsen, Torsten Groth, and Arist von Schlippe
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University