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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 Budget Planning: 7 Things to Consider

Part 2 of a two-part series 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 Read More...

Category: Practice Insight

Author: Joseph Astrachan

Self-Interest Can Skew Budgets at Family Businesses

Part 1 of a two-part series Are you familiar with any of the following scenarios? “My business unit leaders never set realistic budgets, I have to push them and prod them to get growth—did I hire Read More...

Category: Practice Insight

Author: Joseph Astrachan

A Secret to Success: Family Business Centers

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.  Family business centers around the Read More...

Category: Interviews

Author: Kimberly Eddleston

Twins Can Be a Family Business's Superpower

FamilyBusiness.org Editor-in-Chief Kimberly Eddleston talks with two sets of twins working in their families' consulting firms -- Jenny Dinnen and Katie Rucker of MacKenzie Corporation , and James Read More...

Category: Commentary

Author: Kimberly Eddleston

How to Transform an Outdated Board

Creating a board of directors is not a one and done activity.  As a business grows and the business environment evolves, boards often need to be revitalized and transformed to adjust to the new Read More...

Category: Applied and Practice

Authors: Joseph Giglio and John Friar

Using AI to Grow Your Family Business

Just two years ago, generative AI was not on anyone's radar. But today, it promises to be one of the most disruptive forces for family businesses and all kinds of firms. We have seen it in our own Read More...

Category: Applied and Practice

Authors: Mat Hughes and David Townsend

A Family's Non-Financial Values Shape Its Sustainability Strategy

Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance, the family’s significant control over ownership, Read More...

Category: Research Insight

Authors: Josh Hsueh , Alfredo De Massis and Luis Gomez-Mejia

Family Business Succession: Your Questions Answered

If you watch television or read the business pages, you already know that little or no succession planning at family businesses can lead to devastating consequences: back-stabbing, lawsuits, Read More...

Category: Commentary

Authors: Kimberly Eddleston and Mat Hughes

A Charismatic Family Business Founder Can Be a Tough Act to Follow

For all kinds of companies including family businesses, a charismatic founder or leader can bring profound benefits, especially if he or she is well-liked. It can boost sales and make it easier to Read More...

Category: Commentary

Author: Kimberly Eddleston