Help with a family business

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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

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

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

The HERO Model: How Family Enterprise Leaders Can Accelerate Change

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

Protect Your Family Business From Crime

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

Include the Extended Family in Your Ownership Strategy

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

How Boards Help Complex Family Firms Make Sound Decisions

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