Tag: Family Business

How to Let Your Child Lead the Family Business When You Disagree

Handing over a family business doesn't mean agreeing with every decision. Here are five ways to support your successor without undermining their authority. You handed over the business to your child, Read more

The “Perfect Successor” Is a Myth: What Family Businesses Should Look for Instead

Research suggests that education, experience, confidence, personality, and motivation can all shape family business succession. But none offers a shortcut to finding the ideal next leader. Succession Read more

Why Every Family Business Leader Needs a Peer Group

More than 300 peer-group meetings show what happens when family business leaders have a trusted place to talk with people who truly understand their challenges. If you’ve never participated in a 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

Why Family Business Strengths Can Become Weaknesses in a Crisis

Family businesses often rely on loyalty, long-term thinking and strong relationships. But research shows those same strengths can backfire when crisis hits. For most family business owners, the Read more

Family Offices Are Booming—But Do They Actually Work?

Research still can’t clearly explain when they deliver real value. A review shows what we know, what we don’t, and how families can close the needs-to-services gap. EDITOR‘S NOTE: This article Read more

How Families Shape Successor Motivation—and the Firm’s Long-Term Direction

Family firms don’t have goals—people do. The rise and fall of Italy's Florio dynasty shows how successor motivation shapes the balance between growth, legacy, and community—and how families can Read more

7 ways to use the game-changer to boost revenues, efficiency and enjoyment at work. EDITOR'S NOTE: This article is part of Entrepreneurship: Square One and Beyond, a Next Avenue initiative made Read more

Family Firms: Building Resilience Across Generations

Building on three specific attributes -- long-term orientation, social capital, and values-driven governance -- helps families build strengths for generations to come. Family businesses are often Read more

5 Practical Tips for Making Business Decisions With Family Members

Running a family business doesn’t mean always seeing eye to eye, but you can still overcome challenges, resolve conflicts, and evolve as a team. At 13, I unknowingly took part in my first serious Read more