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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 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

Parental Divorce Affects Future Entrepreneurial Success

A child’s upbringing within his or her family often sows the seeds of entrepreneurial success later in life. Yet, families today are increasingly fragile, and many entrepreneurs have experienced Read More...

Category: Research Insight

Authors: Mateja Andric , Josh Hsueh , Thomas Zellweger and Isabella Hatak

'I’ll See You in Court?' There’s a Better Way for Businesses 

When we think about legal help, we often picture a judge, a courtroom full of people, and enormous media involvement if the companies are well-known. Navigating court procedures is a time-intensive Read More...

Category: Commentary

Author: Chandima Weerakondabaduge

Is Self-Interest Complicating Your Budget Planning Process?

  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 Read More...

Category: Applied and Practice

Author: Joseph Astrachan

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

Students Use Lean Startup to Tackle Defense Challenges

  EDITOR’S NOTE: Pete Newell is a nationally recognized innovation expert whose work is transforming how the government and other large organizations compete and drive growth. He is the CEO of Read More...

Category: Commentary

Author: Peter Newell

Daughter Continues Mom's Legacy of Helping Others

Kaela Hammerstrom Combs is the second generation to run a national organization founded by her mother decades ago -- Blessings in a Backpack, which works through schools to distribute backpacks Read More...

Category: Interviews

Author: Kimberly Eddleston

How To Know When You Need a Lawyer (and How To Find the Right One)

A risk-reward dynamic any entrepreneur must learn to balance is deciding when your firm needs a lawyer. Had Personal Software filed a patent on its app Visicalc, for example, Visicalc would today Read More...

Category: Commentary

Author: Dustin Slade