Tag: family business advice

Build a Family Governance Talent Pipeline Before You Need One

Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Family Read more

'Family-Owned' or 'Family-Run'? The Words You Use Can Affect Customer Trust

Family businesses often promote their ownership and heritage to build trust. Research suggests that “family-run” may send a stronger message than “family-owned” — and that adding more Read more

The Biggest Risk to Family Wealth Isn't Investment Performance—It's Succession

Family offices excel at managing money but often overlook the greatest threat to multigenerational success: poorly planned succession. Here's how they can help. Family offices have gained increasing Read more

Should You Make 'Family Owned' Part of Your Brand?

Family ownership can build trust, credibility, and customer loyalty—but only when it reinforces something stakeholders value. Here are five questions to ask first. Family businesses often face an Read more

How to Weigh the Consequences of Selling the Family Business

A strong valuation is not enough. Families need to understand the emotional, relational, and governance consequences of selling before they commit. For many family businesses, selling is no longer Read more

A Family Illness Can Infect the Business, Too

Serious health problems can disrupt leadership, finances, customer relationships, and more. New research shows how family firms can prevent illness from becoming a business crisis. Family businesses Read more

Why PE Firms Want to Buy Your Family Firm (and Change it)

Family businesses are often viewed as ripe for operational improvement, making them especially attractive to private equity investors seeking value creation. EDITOR'S NOTE: This article was produced Read more

Give Future Leaders Exposure to Critical Roles

A job rotation program gives next-gens both hands-on experience and a working knowledge of different departments and important outside relationships. A family business’s future leaders may have Read more

New Family Business CEOs Must Claim the Seat, Not Just Inherit the Title

When a successor becomes CEO, the title may change overnight — but authority, identity, and trust do not. Next-generation leaders must act like the CEO before they feel like one. A successor takes Read more

What Family Businesses in Africa Can Teach Us About Women Leaders

Large family firms in countries such as Ghana, Kenya, and Madagascar show that women’s leadership can thrive when families widen their view of succession. In many parts of the world, businesses are Read more