Running a family business tips

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Family Business Succession, Innovation, and Compensation: What You Need to Know

Family business succession planning, innovation, salaries, legacy, and values are topics that all business families grapple with at times, especially when they include multiple generations with Read More...

Category: Commentary

Authors: Mat Hughes and R. Adam Smith

Here's Why Family Businesses Need Branding

For family businesses, branding goes well beyond logos and advertising slogans. It gets to the heart of what makes a family firm successful and admired by customers, suppliers, employees and other Read More...

Category: Interviews

Author: Kimberly Eddleston

Do You Treat In-Laws Like the Family Business Outlaws ?

Have you heard this before? “If it wasn’t for my in-laws, our family would be fine!” Such frustrated statements are typically followed by rants about how someone spends too lavishly, does not Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan , Joseph Astrachan and Torsten Pieper

Keep the Founder's Entrepreneurial Spirit Alive in Future Generations

Most significant wealth is created through entrepreneurship, and in many countries family business plays a large role. But once the family business is established and successful, what further Read More...

Category: Applied and Practice

Author: David Werdiger

Help Your Family Business by Helping Others

When Katie Rucker was asked to lead a $15 million fundraiser for a local Ronald McDonald House, her twin sister Jenny Dinnen at first worried about running the family business without her co-leader. Read More...

Category: Interviews

Author: Kimberly Eddleston

Growing Pains: Helping a Family Office to Evolve

This case study invites students to identify the underlying issues, stakes, and potential pathways forward for a troubled family office. Students also explore problems surrounding the evolution of Read More...

Category: Education and Teaching

Authors: Torsten Pieper and Claudia Binz Astrachan

Women Show Their Strengths When Family Businesses are in Trouble 

Around the world, women have always been part of family businesses. However, little is known about how they affect the continuity of family firms in certain areas of the world, especially patriarchal Read More...

Category: Research Insight

Authors: Allan Discua Cruz , Eleanor Hamilton , Giovanna Campopiano and Sarah Jack

Let's Talk About Money -- and Trauma

  For better or worse, our genetics and childhood experiences spill into our adult lives -- and in the case of family businesses, they affect how we view our family coworkers and the wealth our Read More...

Category: Interviews

Author: Kimberly Eddleston

10 Things That Help Family Businesses Preserve Their Legacy

From small shops to large multinational corporations, family-owned firms are the anchoring organization in our society. They are pervasive, expanding, and a core employer of human capital and Read More...

Category: Applied and Practice

Author: R. Adam Smith

How Families Can Run Their Businesses With Both Head and Heart

FamilyBusiness.org Senior Editor Mat Hughes recently appeared on R. Adam Smith’s LinkedIn channel to talk about a challenge that all family businesses face: the pull between the passions and Read More...

Category: Interviews

Authors: Mat Hughes and R. Adam Smith