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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

How Family Businesses Can Recruit the Best C-Suite Candidates

Family-owned businesses often struggle to compete with non-family firms when it comes to recruitment, and understanding the expectations of job seekers is crucial to attract the best talent. Read More...

Category: Research Insight

Authors: Annika Ehlers , Ryan Rumble , Claudia Binz Astrachan and Massimo Baù

The Perks and Pitfalls of Hiring Your Parents

Allen Esrock of NxtGen Nexus weights in on how to optimize the free labor and other benefits, and how to manage conflicting goals, sibling resentment, and suspicious non-relatives who work for you. Read More...

Category: Interviews

Author: Kimberly Eddleston

Justifiable Pride or Arrogance? It Matters for Family Businesses

Bragging about your family connection is universally bad, but even pride in your accomplishments must be displayed carefully -- especially in eastern cultures. In my experience working with Read More...

Category: Research Insight

Author: Fabian Bernhard

‘SOBs’: The Real Power in Family Businesses

"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

Craft Ventures are More Successful With a Couple at the Helm

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

Articles About Relationships, Succession Were Top Draws in 2024

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

Hiring Mom and Dad? Optimize Their Strengths and Manage Boundaries

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