Running a family business tips

In this interview, Joseph Astrachan – one of the world’s most well-versed experts on dealing with issues pertaining to business families – shares his thoughts on family dynamics and family Read More...

Category: Commentary

Authors: Joseph Astrachan and Claudia Binz Astrachan

Only about a third of family businesses make it to a second generation beyond the founder.  Conventional wisdom says that these firms falter because the owners didn’t have a succession Read More...

Category: Theory and Research

Authors: James Hoffman , Ritch Sorenson and Keith Brigham

What's in a name? For many family-run businesses, the business name and family name are the same, linking the reputations of the two, for better or worse. New family business owners often grapple Read More...

Category: Applied and Practice

Author: Sharon Belenzon

Succession is one of the biggest challenges a family business can face. Many business owners and families assume that family business succession planning will be difficult, risky and conflict-prone, Read More...

Category: Applied and Practice

Author: Claudia Binz Astrachan

Nothing succeeds like success, the saying goes. But for family businesses, it’s smart family business succession planning that can be the key to sustaining the company in the future and keeping it Read More...

Category: Features

Author: Richard Eisenberg

Hiring, training, appraising and compensating the right people in the right way is a crucial element to the success of any organization. It is commonly assumed that many growing family firms are not Read More...

Category: Education and Teaching

Authors: Kimberly Eddleston and Roland Kidwell