Category: Applied and Practice

Networks are one of the most important resources entrepreneurs can have. Indeed, one of the few consistent findings in entrepreneurship research is that networks matter. Entrepreneurs with bigger and Read more

Getting Your Family Business Ready for the 'New Normal'

Part one of two Eighteen months into the COVID-19 pandemic, we are seeing signs of a return to something resembling normality. Vaccination programs are now underway at a substantial pace, and Read more

For generations, grandmothers, mothers, daughters and aunts have played informal, behind-the-scenes but important roles in family businesses worldwide. They have provided critical emotional support Read more

More than 2 billion people do not have access to safe drinking water, and each year more than 1 million people die because of water-related diseases. These facts can make life unbearable for affected Read more

Should You Brand Your Family Business? Evidence from Research and Practice

Should you join the growing number of family businesses that proudly promote the fact that they are (and have been) family owned – for decades, some even for centuries? Or do you prioritize your Read more

What do successful entrepreneurs do beyond generating wealth? This question holds interest for so many of us. Many wealthy individuals have the ability to buy whatever they want, do whatever they Read more

Four Things that the Best Family Business Boards Do Well

First of a two-part series Can you quantify your board’s contribution to the performance of your family business? Even if you can’t put a number on it, you should have a keen sense of how much Read more

When running a business, you might have come across the same question as everybody else, “should I buy or lease equipment?” The answer to that question primarily depends on your business’ Read more

Family Business Succession Planning: 10 Golden Rules

There is no one-size-fits-all approach to family business succession planning. Every situation is different and every family is uniquely complex. However, some principles appear to transcend culture Read more

What Families in Conflict Can Learn from Baseball and Teachers

Either a private family business conflict ends up in the courts, or gets settled by alternative methods involving third-party neutrals – usually mediation and arbitration. These neutral parties can Read more