family business advice
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"Saviors Of the Boss" have the trust of company leaders and often serve as their gatekeepers. Here's how to understand them and work with them. Family businesses are driven by a blend of Read More...
Category: Commentary
Author: Naveen Khajanchi
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. EDITOR'S NOTE: This article was Read More...
Category: Research Insight
Authors: Jennifer Woolley and Jo-Ellen Pozner
FamilyBusiness.org attracted more than 5.5 million page views in 2024, and judging from the best-read articles published last year, many readers wanted advice about handling toxic family Read More...
Category: Commentary
Authors: Kimberly Eddleston and Mat Hughes
Sharon Beck, owner of a Jovie Childcare franchise, shares her insights on the benefits and challenges of being your parents' boss. Around the time that Sharon Beck was ready to quit full-time work to Read More...
Category: Interviews
Author: Kimberly Eddleston
Hope, Efficacy, Resilience and Optimism can make us better people and better leaders. Here's how to cultivate it within ourselves. All leaders and advisors struggle with organizational Read More...
Category: Practice Insight
Author: Doug Gray, PhD
Activities like selling in physical stores, regular trips to the bank, driving company cars, and talking openly about business growth can make business owners targets. EDITOR'S NOTE: This article was Read More...
Category: Research Insight
Authors: Paul Sanchez , Matthew Wood , Tim Michaelis and Jaime Suarez
Baby Boomers are set to hand down trillions of dollars to younger generations. Family firms must consider how to transfer their ownership shares, and how much goes to whom. Around the world, an aging Read More...
Category: Practice Insight
Authors: Martin Kemp and Susan Lanz
The goals of the family and the business are often at odds. Family history can inspire bold and necessary steps that are still in harmony with the family’s image of itself. A family sitting Read More...
Category: Research Insight
Authors: Lara Pecis , Bingbing Ge and Florian Bauer
Your "owners' strategy" should consider that in the future, the family firm will likely have many more owners. Take a broader focus when you develop it. In the US, most family business advisory firms Read More...
Category: Practice Insight
Authors: Claudia Binz Astrachan and Tom Rüsen
Fiduciary boards keep family firms focused on the long term, rather than on short-term, tactical strategies. But many family firms resist having one, fearful of losing control of their Read More...
Category: Interviews
Author: Kimberly Eddleston