Tag: Family Business

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By Kimberly Eddleston on Fri Sep 08 2023

Family businesses are unstoppable when they benefit from the wisdom of founders and older leaders and the forward-thinking, innovative outlook of the next generation. But all too often, these Read more

By Doug Baumoel on Wed Aug 23 2023

The book The Paradox of Choice , written by Barry Schwartz and first published in 2004, posits that people, in general, suffer a loss of happiness because we have too much choice in everything we Read more

By Kimberly Eddleston on Tue Aug 22 2023
Interviewee: Rania Labaki

A family firm's longevity depends on fresh approaches to doing business, but all too often these fresh insights can clash with the family's entrenched way of doing things. Founders especially can Read more

By Patrick O'Brien on Thu Jul 27 2023

It is your worst nightmare. You’ve passed away, and now your adult children no longer speak to each other. Circumstances around your death have destroyed the family you spent your life building, Read more

By Kimberly Eddleston on Thu Jul 27 2023

Should families talk about their business during mealtime? On the one hand, some argue that mealtime should be about the family, with time being devoted to building family bonds and personal Read more

By Mat Hughes on Tue Jul 11 2023

This video, also available as a podcast, explores how entrepreneurs, family businesses, startups and others can tap into artificial intelligence to digitize parts of their business and legacy, Read more

By Kimberly Eddleston on Tue Jul 11 2023
Interviewee: Diana Clark

The founders of many longstanding family businesses likely had parents who insisted on responsibility and let them learn from their mistakes. This is not so today -- the era of helicopter parenting, Read more

By Kimberly Eddleston on Fri Jul 07 2023

The family often has a strong influence on whether or not someone becomes an entrepreneur. Because they shape values, education, and experiences, families are often referred to as the "oxygen that Read more

By Kimberly Eddleston on Mon Jun 26 2023
Interviewee: Spencer Burke

Family businesses, and the wealth they create, are run by human beings, who can be impulsive. When the wealth is substantial, often an impartial third party is the best choice to manage this wealth Read more

By Tom Rüsen, Claudia Binz Astrachan and Ruth Orenstrat on Thu May 25 2023

We yet have to meet a business family that does not want their family members to be competent and engaged owners and stewards. Everyone agrees that having owners who understand finance and strategy, Read more