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.
Hope, efficacy, resilience and optimism can make us better people and better leaders. This article explores how we can cultivate it within ourselves. Read more...
In crime-prone regions, activities like selling in physical stores, regular trips to the bank, and talking openly about business growth can make business owners targets. Read more...
Trillions of dollars are about to be handed down from baby boomers to younger generations. Family firms must consider how to transfer their ownership shares, and to whom. Read more...
The goals of the family and the business are often at odds. Family history can inspire bold and necessary steps that are still in harmony with the family’s image of itself. Read more...
Editorial offices located at St Thomas University
Supported by the Richard M Schulze Family Foundation