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By Thomas Zellweger on Wed Jan 08 2020
A five-part framework can help family firms evaluate control, governance, complexity, priorities and succession to anticipate challenges and opportunities. It's been said that, “Once you have seen Read more |
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By Kimberly Eddleston on Tue Dec 17 2019
Working together all year can make holiday tensions worse. Boundaries, patience, distractions and realistic expectations can make gatherings easier. While the holidays are supposed to bring magic and Read more |
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By Kerry Hannon on Thu May 09 2019
This article is part of America’s Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Entrepreneur and Innovation Exchange .) Taking a Read more |
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By Robert Caldwell on Wed Dec 26 2018
Relatives should contribute because of their skills and performance, not their last name. Lower standards can create resentment and weaken the business. When a father, absent during the day, returns Read more |
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By Michael Klein on Tue Oct 09 2018
Family members can feel stuck when career goals, identity and family expectations become intertwined. These questions can help reveal whether it is time for change. For some individuals, working in a Read more |
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Founders who possess hard-to-replace technical expertise may have greater staying power when their companies raise capital or go public. In 2003 Noam Wasserman introduced the term “Paradox of Read more |
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By Kimberly Eddleston on Mon Sep 03 2018
Interviewee:
Joseph Brito, Jr.
Joe Brito says relatives should earn their place by starting at the bottom, learning the business and proving themselves before moving into leadership roles. Joe Brito, the third-generation head of Read more |
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By Roland Kidwell and Kathryn Kloepfer on Wed Aug 29 2018
Strong family firms hold employees accountable while preserving trust, harmony and flexibility. Combining both approaches can improve employee effort and performance. Family businesses have unique Read more |
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By Jason Pattit and Katherina Pattit on Tue Jun 12 2018
Growth can create value, but it can also damage culture, quality, control and sustainability. Founders should decide what kind of company they actually want to build. According to Benjamin Franklin, Read more |
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By Dean Shepherd on Mon Mar 26 2018
Research on 3,269 mining ventures shows why entrepreneurs need different decision-making strengths when exploring, developing and committing to opportunities. History is filled with stories about Read more |
