family business advice
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Coaches help individual family members grow; consultants solve problems affecting the entire family business. Learn when to hire each and how they can work together. The family enterprise field has Read More...
Category: Practice Insight
Authors: Doug Baumoel and Amanda Bell
Many family businesses facing a leadership transition to the next generation turn to advisors to help them create a plan and work through their differences. Multigenerational advisory teams can help. Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Adam Karofsky , David Karofsky
Active ownership, clear goals, and close relationships with entrepreneurs can help investments deliver social and environmental impact. EDITOR'S NOTE: This article was produced in partnership with Read More...
Category: Research Insight
Authors: Mattias Nordqvist , Marco Mismetti , Fredrik Holmberg and Lorenz Schwab
As your family business grows, informal decision-making may no longer be enough. These six questions can help you decide when and how to strengthen governance. For years, every important decision in Read More...
Category: Research Insight
Authors: Pedro Vazquez , Isabel C Botero and Miguel Méndez
What Nordstrom, Mars, Dillard's, and Patagonia can teach family businesses about ownership structure. In May 2025, Nordstrom ended more than five decades as a publicly traded company. Members of the Read More...
Category: Applied and Practice
Authors: Douglas Hassell and Kimberly Eddleston
Research on 16 family businesses reveals why some successors build on the previous generation’s innovations while others rarely or never innovate. EDITOR'S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Ludovica Del Barone , Maria Annosi , Filomena Buonocore and Evelyn Micelotta
Political differences can turn dangerous when family members begin dismissing one another’s business judgment based on political identity. Imagine a family business meeting about how to reduce Read More...
Category: Practice Insight
Author: Paul Edelman
More than 300 peer-group meetings show what happens when family business leaders have a trusted place to talk with people who truly understand their challenges. If you’ve never participated in a Read More...
Category: Applied and Practice
Author: Justin Smith
Consultants often create their greatest value in ways families do not expect. They help families uncover what is really keeping them stuck, facilitate difficult conversations, coordinate with other Read More...
Category: Practice Insight
Authors: Holly Eddleston and Kimberly Eddleston
Interviewee: Claudia Binz Astrachan , David Karofsky , Dennis Jaffe , Doug Baumoel , Greg McCann , Joe Astrachan , John Davis , Maria Sinanis , Shay Harris-Pierre
Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Family Read More...
Category: Applied and Practice
Author: Claudia Binz Astrachan