Running a family business tips

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Twins Can Be a Family Business's Superpower

FamilyBusiness.org Editor-in-Chief Kimberly Eddleston talks with two sets of twins working in their families' consulting firms -- Jenny Dinnen and Katie Rucker of MacKenzie Corporation , and James Read More...

Category: Interviews

Author: Kimberly Eddleston

How to Transform an Outdated Board

Creating a board of directors is not a one and done activity.  As a business grows and the business environment evolves, boards often need to be revitalized and transformed to adjust to the new Read More...

Category: Applied and Practice

Authors: Joseph Giglio and John Friar

Using AI to Grow Your Family Business

Just two years ago, generative AI was not on anyone's radar. But today, it promises to be one of the most disruptive forces for family businesses and all kinds of firms. We have seen it in our own Read More...

Category: Applied and Practice

Authors: Mat Hughes and David Townsend

A Family's Non-Financial Values Shape Its Sustainability Strategy

Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance, the family’s significant control over ownership, Read More...

Category: Research Insight

Authors: Josh Hsueh , Alfredo De Massis and Luis Gomez-Mejia

Family Business Succession: Your Questions Answered

If you watch television or read the business pages, you already know that little or no succession planning at family businesses can lead to devastating consequences: back-stabbing, lawsuits, Read More...

Category: Commentary

Authors: Kimberly Eddleston and Mat Hughes

A Charismatic Family Business Founder Can Be a Tough Act to Follow

For all kinds of companies including family businesses, a charismatic founder or leader can bring profound benefits, especially if he or she is well-liked. It can boost sales and make it easier to Read More...

Category: Interviews

Author: Kimberly Eddleston

Research-Based Advice for Family Businesses: Our 10 Best-Read Articles

FamilyBusiness.org aims to provide family business owners and leaders advice that helps them be more successful. One important source of advice is based on research: rigorous studies that analyze Read More...

Category: Commentary

Authors: Kimberly Eddleston and Mat Hughes

Why Do We Treat Strangers Better Than Family Members?

A big relationship problem can affect not only family businesses, but also our personal lives: We often treat friends, acquaintances, and even strangers better than our own family members.   In Read More...

Category: Interviews

Author: Kimberly Eddleston

How to Encourage Devotion Among Nonfamily Employees

Every business strives to recruit and hire the best employees and to retain them over time. Creating and nurturing a workplace environment that contributes to productivity and helps the firm achieve Read More...

Category: Research Insight

Authors: Josep Llach , Valeriano Sanchez-Famoso and Dr. Sharon M. Danes

Women on Family Business Boards Shun Layoffs

Modern organizations face increasing pressure to make sure women are well represented in their workforce, especially at the top. Business leaders, stakeholders, and policymakers around the world are Read More...

Category: Research Insight

Authors: Jessenia Davila , Luis Gomez-Mejia , Fernando Muñoz-Bullon and Maria J. Sanchez-Bueno