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The Next Generation Can Help the Family Firm Innovate

  Much has been written about how family businesses can have transition problems when the founder's children take over.  Best Buy founder Richard Schulze and Ritch Sorenson of the Read More...

Category: Commentary

Authors: Richard Schulze and Ritch Sorenson

Entrepreneurship Can Be Lonely and Psychologically Perilous

The World Health Organization has recognized the importance of mental health in achieving overall health and well-being, asserting that there is no health without mental health. This is particularly Read More...

Category: Applied and Practice

Authors: Oleg Petrenko and Johnny Smith

12 Strategies to Get Customers to Buy Your Product

Many entrepreneurs struggle to get their products into customers' hands. Yet, their survival and profitability hinge on convincing customers to buy their products. Compared to large companies, Read More...

Category: Commentary

Author: Jay Mulki

What AI Means to Small Businesses

If you keep abreast of the news on a regular basis, it's rare to go even one day without hearing about the spread of artificial intelligence. From customer service to cybersecurity to inventory Read More...

Category: Features

Author: Terri Williams

How Founders Can Stay Relevant When the Next Gens Take Over

When it's time for a family business to have a new generation of leadership, it's often difficult for the first-generation founder let go. Founders, justifiably proud of the businesses they have Read More...

Category: Interviews

Author: Kimberly Eddleston

How Well are Business Owners Preparing for Succession and Transition?

American business owners are aging. According to the 2021 US Census, nearly  52% of business owners are 55+ and 23% are 65+. This is consistent with the increased proportion of aging Americans Read More...

Category: Research Insight

Author: Michael Darger

Persuasive Communication for Crucial Conversations

The ability to sell an idea – to colleagues, management, potential investors, and customers –  has never been more crucial for business people, especially in a digital world with a loud and Read More...

Category: Applied and Practice

Author: James C Wetherbe

Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

When a family firm reaches a certain size, the family may decide to transfer their wealth and their ownership into a family office. These offices help business families manage their wealth across Read More...

Category: Research Insight

Authors: Joern Block , Reza Fathollahi and Onur Eroglu

Family Business Stories Build a Legacy For the Next Generation

A great story, skillfully told, can shape attitudes and spur commitment and action. This is especially true at family businesses, where the stories and values of the family and business intertwine. Read More...

Category: Interviews

Author: Kimberly Eddleston

8 Things to Consider When Planning Your Business Budget

  As we showed in part 1 of this discussion , trying to use budgets as both a planning tool and an expectations setting tool can be destructive, because the self-interests of different factions Read More...

Category: Practice Insight

Author: Joseph Astrachan