family business succession planning

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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

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

Transferring Family Wealth to the Next Generation: What’s Fair?

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

'Yellowstone' Mirrors Real-Life Family Business Dramas

Like many family business leaders, John Dutton struggles to uphold longstanding traditions while external competitive pressures mount and next-gens clamor for change. "Yellowstone" is an American Read More...

Category: Practice Insight

Authors: Robin Burns and Ana Gonzalez

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

Renewing the Empire: A Family Firm's Succession and Refit Journey

While the global business environment is forever changing, family firms often stand for longevity and stability -- and stable, long-term management is a key strategic element in their performance Read More...

Category: Research Insight

Authors: Melania Riefolo , Sena Özkara , Baris Istipliler and Jan-Philipp Ahrens

Should Former Leaders Stay Involved in the Family Firm?

For many family business owners, thinking about succession can be challenging. It’s a lengthy process, and filled with questions and activities that seem daunting initially. However, it is Read More...

Category: Research Insight

Authors: Melania Riefolo , Sena Özkara , Jan-Philipp Ahrens and Niloufar Nekouei

When Is a Family Business Leader Too Old?

Recent events in the US Presidential race have focused people around the world on the topic of leadership and age. When is a leader, whether of a country or a business, too old to do the job? When Read More...

Category: Commentary

Author: Salvatore Sciascia