family business advice

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Separate Family Offices Can Minimize Money Problems

It can be dangerous to ask executive assistants or your CFO to manage your personal finances. RSM's Ben Berger shows why a separate office helps both business and family manage money responsibly. All Read More...

Category: Interviews

Author: Kimberly Eddleston

Women Encourage Candor at Family Businesses

A conversation orientation in the family carries over to the business -- especially for women, who are increasingly becoming the family firm's "vocal heroes." Have you ever wondered if family Read More...

Category: Research Insight

Authors: Kristen Shanine and Kristen Madison

Family Firms Must Address Mental Health Challenges

Anxiety, depression, and other conditions disrupt business operations and strain relationships. Ignoring them won’t make them go away. In the world of family businesses, success often comes with a Read More...

Category: Commentary

Author: Andrew Keyt

Involve Next-Gens in Developing Your Social Media Policy

Family businesses should consider a social media policy as a relatively “low-hanging fruit” to introduce the next generation to governance work. Does your business family have a social media Read More...

Category: Practice Insight

Authors: Claudia Binz Astrachan , Tom Rüsen and Rebecca DeYarman

Family Businesses Can Learn From the Battling Brothers of Oasis

Over the past month the entertainment world has been buzzing about the reunion of Oasis, one of the major bands of the '90s. This concerns brothers Noel and Liam Gallagher, who were able to rise to Read More...

Category: Commentary

Author: Salvatore Sciascia

Employees With Toxic Traits Can Still Be An Asset at Family Firms

Family firms are strongly influenced by the behavior of family members in those organizations, thus toxic behavior is a major risk for the continuity and success of any family firm. A great deal of Read More...

Category: Research Insight

Authors: Benjamin McLarty and Daniel T. Holt

'Performance-Enhancing Vices': Good for Business, Bad for Relationships

Many legendary business leaders -- think Steve Jobs, or Elon Musk -- have had troubled personal lives. According to business advisor and author David Werdiger, the same traits that make someone Read More...

Category: Commentary

Authors: Kimberly Eddleston and David Werdiger

Family History Can Be Repurposed to Serve Today's Challenges

The stories that families tell about their past matter.  Here are some ways that families can begin to use the past to serve their present-day goals. Family firms often frame their history as a Read More...

Category: Research Insight

Authors: Christina Lubinski and William Gartner

How Do Owners of Family Business Portfolios Restructure Poorly Performing Firms?

Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril. When a family business portfolio includes Read More...

Category: Research Insight

Authors: Marina Palm , Vanessa Diaz Moriana and Nadine Kammerlander

Academy of Management Honors FamilyBusiness.org Editor Kimberly Eddleston

Kimberly Eddleston, Founding Editor of FamilyBusiness.org and a longtime contributor to its sister publication EIX, was recently honored by the Academy of Management (AOM) with its 2024 Practice of Read More...

Category: Commentary

Author: Catherine Buday