family business advice

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Why Some Job Seekers Avoid Family Firms

Family firm branding can make a company appear authentic, but it's also important to convey innovativeness, prestige, and a fair shot at getting ahead.  While approximately 75% of new jobs Read More...

Category: Research Insight

Authors: Duygu Phillips , Kristen Madison , Sandra Wolf , Andreas Hack and Franz Kellermanns

Outsource or Hire? Advice for Family Businesses

Ben Berger and Ron Nahass of RSM's Family Office talk about the benefits of letting trusted outsiders handle critical business functions. Operational excellence -- involving people, processes, Read More...

Category: Interviews

Author: Kimberly Eddleston

Generational Experiences Shape Family Business Leaders' Priorities

Beliefs about success, responsibility, and value creation reflect the time and place in which business owners grew up. Religion and strong family ties magnified the impact. Family business leaders Read More...

Category: Research Insight

Authors: Ileana Maldonado , Paul Sanchez and Annaleena Parhankangas

Generational Experiences Shape Your Business Priorities

Beliefs about success, responsibility, and value creation are not formed in isolation—they are echoes of the time and place in which business owners grew up.  Entrepreneurs don’t just wake Read More...

Category: Research Insight

Authors: Ileana Maldonado , Paul Sanchez and Annaleena Parhankangas

How CSR Shapes the Power of Family Business Branding

Being family-owned or socially responsible endears a business to consumers. Having both attributes mutes the impact of family ownership, and requires a different branding strategy. To differentiate Read More...

Category: Research Insight

Authors: Philipp Jaufenthaler , Roland Schroll and Dhruv Grewal

Family Businesses Have a Massive Impact on the UK Economy

A new report by the Family Business Research Foundation and the Centre for Economics and Business Research shows families control 93 percent of UK firms. The UK’s Family Business Research Read More...

Category: Commentary

Author: Martin Kemp

Family Firms Prosper When Shareholders Think Like Trustees

A trustee mentality helps make large families with many shareholders more cohesive, and preserves wealth for generations. Business families with many shareholders and family members who have remained Read More...

Category: Research Insight

Authors: Fabian Simons , Raphaëlle Mattart and Heiko Kleve

Senior Leaders: Prepare Early to Let Go of the Business

A handover often marks the end of life as the leader knows it and the start of a new and unfamiliar phase. A grieving process is not uncommon. For entrepreneurs, business shapes self-image and Read More...

Category: Applied and Practice

Authors: Simon Caspary , Tom Rüsen and Heiko Kleve

The Psychology of Effective Exit Planning: A Guide for Families and Advisors

Family firms can help the next generation move forward by understanding and supporting the emotional aspects of the exit for the current leader. Business advisors widely agree that the biggest Read More...

Category: Practice Insight

Author: Michael Klein

Men and Women Cling to Power for Different Reasons

While male leaders often view stepping down as a threat to their identity and accomplishments, female leaders appear to be motivated by other factors.  EDITOR‘S NOTE: This article was produced Read More...

Category: Research Insight

Authors: Nancy Forster-Holt , Jim Davis and Cassidy Creech