Our Latest Articles

September 18, 2023 - Issue #97

Will Your In-Laws Help or Hurt Your Family Business? Will Your In-Laws Help or Hurt Your Family Business? As the Gucci and royal families show, in-laws can complicate things. Here's how family businesses can benefit from their perspectives and minimize conflict.
Why Family Businesses Must Mind the (Generation) Gap Why Family Businesses Must Mind the (Generation) Gap Older leaders should be curious about how next-gens view the world, and younger leaders-to-be should have patience with their elders and honor what they've created.
What If a Hedge Fund Invests in my Family Business? What If a Hedge Fund Invests in my Family Business? At many publicly traded firms, the presence of activist investors forces them to innovate. This didn't hold true at the family businesses we studied.
Founders: Let Next-Gens be Entrepreneurial Founders: Let Next-Gens be Entrepreneurial Rania Labaki, a professor at the EDHEC Business School in France and director of its Family Business Center, says that founders must allow their future leaders to have an entrepreneurial spirit.
Attract and Retain the Best People As You Grow Attract and Retain the Best People As You Grow Small firms growing into midsized need a new approach to talent. Give current employees the skills they need to help you grow, and make your firm a desirable place to work.
The Paradox of Choice: Wealth's Impact on Family Potential The Paradox of Choice: Wealth's Impact on Family Potential We tend to think that opportunity serves only to increase available choices. But when we think more broadly, it’s not hard to see how increased opportunity can also limit choice.
Small and Medium-Sized Firms Are Less Prepared for Crises Small and Medium-Sized Firms Are Less Prepared for Crises Research found that they often lack the resources to assess their risk and plan for the worst -- putting their financial health at risk when disaster strikes.
Kimberly Eddleston What to Do When It's Your Turn to Lead Kimberly Eddleston

Your relatives spent years, maybe decades, building a business, and now it's your turn to take over. Fear and self-doubt are normal. Here's how to take over the reins with confidence.

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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...

Why Prominent Business Families Dive Into Politics
by Marcelo Ortiz M. / Research Insight

A Chilean study found that the reasons go beyond protecting the family’s assets and economic interests. 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...

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Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

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A Family's Non-Financial Values Shape Its Sustainability Strategy
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Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation