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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The Perks and Pitfalls of Hiring Your Parents
by Kimberly Eddleston / Interviews

Allen Esrock of NxtGen Nexus weights in on how to optimize the free labor and other benefits, and how to manage conflicting goals, sibling resentment, and suspicious non-relatives who work for you. Read more...

Justifiable Pride or Arrogance? It Matters for Family Businesses
by Fabian Bernhard / Research Insight

Bragging about your family connection is universally bad, but even pride in your accomplishments must be displayed carefully -- especially in eastern cultures. Read more...

‘SOBs’: The Real Power in Family Businesses
by Naveen Khajanchi / Commentary

Saviors Of the Boss have the trust of company leaders and often serve as their gatekeepers. How to understand them and work with them. Read more...

Craft Ventures are More Successful With a Couple at the Helm
by Jennifer Woolley and Jo-Ellen Pozner / Research Insight

Family firms take note: A study of chocolate makers showed that shared values, commitment, and a long-term outlook are good for both relationships and business.  Read more...

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How Family Dynamics Shape Family Businesses
by Joseph Astrachan and Claudia Binz Astrachan
Why Families and Their Firms Behave Badly
by Roland Kidwell, Kimberly Eddleston, Linda Kidwell, John Cater, and Ellison Howard
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

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How to Pitch Your Startup to Attract Money
by Jonathan Littman and Susanna Camp
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation