Category: Applied and Practice

A New Way to Resolve Extreme Conflict in Family Businesses

Family members may feel “trapped” in conflicts, unable to resolve substantive issues without damaging their familial relationships. This often leads to disputes that persist for decades. Conflict Read more

When Family Businesses Should Think Like Private Equity Firms

Adopting all or even some PE investor strategies can add value and enhance competitiveness, especially when a successor takes over or the company may be sold. Family businesses must navigate a Read more

Platform-based services provide easy access to everything new businesses need to thrive -- from technical guidance to supply chain management to financial backing. In recent years, the global Read more

An engineer, entrepreneur, and teacher reflects on what he got wrong, why it mattered, and what he would do differently if he had the chance. Starting a company was a dream come true. Like many Read more

ESG Essentials For Family Firms

‘ESG is an existential issue. Businesses that don’t demonstrate their commitment to sustainable practices could be punished by consumers, the media and even regulators.’ These are the words of Read more

As the authors' experiences and interviews with three academics-turned-innovators show, academia can provide the preparation needed to launch a business. Entrepreneurs are typically depicted as Read more

Understanding what genuinely motivates people to engage in purposeful work can substantially influence the trajectory of a startup. As an entrepreneur or investor in new ventures, understanding what Read more

LLC, Partnership, S-Corp…Your choice will impact your taxes, management, liability, and more. Here's a primer. People start business ventures for many reasons. They might want to be their own boss, Read more

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

Like profit sharing, it aligns company objectives and employee interests, but with more frequent rewards and a focus on operational improvements rather than company profits. Aligning employee Read more