SEARCH RESULTS


Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

When a family firm reaches a certain size, the family may decide to transfer their wealth and their ownership into a family office. These offices help business families manage their wealth across Read More...

Category: Research Insight

Authors: Joern Block , Reza Fathollahi and Onur Eroglu

Family Business Stories Build a Legacy For the Next Generation

A great story, skillfully told, can shape attitudes and spur commitment and action. This is especially true at family businesses, where the stories and values of the family and business intertwine. Read More...

Category: Interviews

Author: Kimberly Eddleston

'I’ll See You in Court?' There’s a Better Way for Businesses 

When we think about legal help, we often picture a judge, a courtroom full of people, and enormous media involvement if the companies are well-known. Navigating court procedures is a time-intensive Read More...

Category: Commentary

Author: Chandima Weerakondabaduge

Family Business Budget Planning: 7 Things to Consider

Part 2 of a two-part series As we showed in part 1 of this discussion , trying to use budgets as both a planning tool and an expectations setting tool can be destructive, because the self-interests Read More...

Category: Practice Insight

Author: Joseph Astrachan

Daughter Continues Mom's Legacy of Helping Others

Kaela Hammerstrom Combs is the second generation to run a national organization founded by her mother decades ago -- Blessings in a Backpack, which works through schools to distribute backpacks Read More...

Category: Interviews

Author: Kimberly Eddleston

Self-Interest Can Skew Budgets at Family Businesses

Part 1 of a two-part series Are you familiar with any of the following scenarios? “My business unit leaders never set realistic budgets, I have to push them and prod them to get growth—did I hire Read More...

Category: Practice Insight

Author: Joseph Astrachan

A Secret to Success: Family Business Centers

While family members running a business together often lean on one another for advice, they can often learn best from people running other family businesses.  Family business centers around the Read More...

Category: Interviews

Author: Kimberly Eddleston

Attitudes Towards Money Can Cloud Family Business Decisions

In our work with business families, we encounter a wide range of approaches for establishing financial targets and making financial business decisions. Interestingly, such practices often diverge Read More...

Category: Applied and Practice

Authors: Claudia Binz Astrachan and Anneleen Michiels

Twins Can Be a Family Business's Superpower

FamilyBusiness.org Editor-in-Chief Kimberly Eddleston talks with two sets of twins working in their families' consulting firms -- Jenny Dinnen and Katie Rucker of MacKenzie Corporation , and James Read More...

Category: Commentary

Author: Kimberly Eddleston

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...

Category: Applied and Practice

Authors: Joseph Giglio and John Friar