Tag: family business advice

How to Transform an Outdated Board

Creating a board of directors is not a one and done activity. As a business grows and the business environment evolves, boards often need to be revitalized and transformed to adjust to the new Read more

Managing Emotional Minefields Within Family Businesses

Adam looked at the customer standing at the counter in the wine cellar in disbelief. He couldn’t believe what he was hearing. He found the customer’s comments to be slightly rude. Adam felt anger Read more

Dick Schulze Reflects on Our Growing Impact: More Than 15 Million Annual Views

Richard M. Schulze, Founder and retired CEO of Best Buy, sat down on April 19 with EIX Founding Editor Jim Wetherbe to discuss the 10 th anniversary of the first EIX home page. EIX was launched on Read more

Using AI to Grow Your Family Business

Just two years ago, generative AI was not on anyone's radar. But today, it promises to be one of the most disruptive forces for family businesses and all kinds of firms. We have seen it in our own Read more

A Family's Non-Financial Values Shape Its Sustainability Strategy

Families that focus on renewing their non-financial values in future generations are more likely to have a formal program. EDITOR'S NOTE: This article was produced in partnership with Family Business Read more

Family Business Succession: Your Questions Answered

If you watch television or read the business pages, you already know that little or no succession planning at family businesses can lead to devastating consequences: back-stabbing, lawsuits, Read more

A Charismatic Family Business Founder Can Be a Tough Act to Follow

For all kinds of companies including family businesses, a charismatic founder or leader can bring profound benefits, especially if he or she is well-liked. It can boost sales and make it easier to Read more

Research-Based Advice for Family Businesses: Our 10 Best-Read Articles

FamilyBusiness.org aims to provide family business owners and leaders advice that helps them be more successful. One important source of advice is based on research: rigorous studies that analyze Read more

Why Do We Treat Strangers Better Than Family Members?

A big relationship problem can affect not only family businesses, but also our personal lives: We often treat friends, acquaintances, and even strangers better than our own family members. In this Read more

How to Encourage Devotion Among Nonfamily Employees

Every business strives to recruit and hire the best employees and to retain them over time. Creating and nurturing a workplace environment that contributes to productivity and helps the firm achieve Read more