Our Latest Articles

July 26, 2023 - Issue #94

Family Offices: The Sober Guardians of Family Wealth Family Offices: The Sober Guardians of Family Wealth Often an impartial third party is the best choice to manage the family wealth for future generations and the business's longevity.
Sherri Noxel

Editor's Pick

Sherri Noxel

'Letting Go'

Oregon winery entrepreneur Susan Sokol Blosser is one of the founders of Oregon’s wine industry and a prolific writer. In “Letting Go” she captured the very personal and painful journey of exiting a family business that she founded. It’s the type of honest book about succession that is hard to find. Her first book, “Gracious and Ruthless: Surprising Strategies for Business Success,” shares her point of view as a woman founder in a traditionally male industry.

http://www.susansokolblosser.com
Do Family Meals Fuel Entrepreneurship in Family Businesses? Do Family Meals Fuel Entrepreneurship in Family Businesses? Families with diverse education and industry experience fuel the fire of entrepreneurship when they dine together frequently. 
Helicopter Parenting Can Hurt Future Family Business Leaders Helicopter Parenting Can Hurt Future Family Business Leaders A counselor's advice: Do less, say less and watch more. Let your children make mistakes and experience the consequences.
How All Kinds of Businesses Can Use AI Productively How All Kinds of Businesses Can Use AI Productively This video, also available as a podcast, explores how entrepreneurs, family businesses, and others can use artificial intelligence in practical ways.
5 Ways to Keep Your Kids From Fighting Over Your Will 5 Ways to Keep Your Kids From Fighting Over Your Will Communicate early and often, get input, be fair and detailed about your plans, and write a letter to your children explaining your choices.
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The Next Generation Can Help the Family Firm Innovate
by Richard Schulze and Ritch Sorenson / Commentary

Best Buy Founder Richard Shulze and Ritch Sorenson of the University of St. Thomas explore the opportunities that come with a changing of the guard. Read more...

Family Business Stories Build a Legacy For the Next Generation
by Kimberly Eddleston / Interviews

Books, websites, videos and blogs can capture a family business's saga, with all its challenges and triumphs, and shape a powerful legacy. Read more...

Daughter Continues Mom's Legacy of Helping Others
by Kimberly Eddleston / Interviews

Blessings in a Backpack can inspire any family-run business or organization that hopes to continue the founder's spirit and mission in the next generation. Read more...

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...

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Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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Managing Emotional Minefields Within Family Businesses
by Dr. Ayoosha Saleem, Francesco Barbera, Simon de Jong, and Arvid Hoffmann
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation