Running a family business tips
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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
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 world Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Jon Keimig
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: Interviews
Author: Kimberly Eddleston
Interviewee: James Fratzke , Jenny Dinnen , Katie Rucker , Ryan Fratzke
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
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...
Category: Applied and Practice
Authors: Mat Hughes and David Townsend
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...
Category: Research Insight
Authors: Josh Hsueh , Alfredo De Massis and Luis Gomez-Mejia
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...
Category: Commentary
Authors: Kimberly Eddleston and Mat Hughes
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...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Meghan Lynch
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...
Category: Commentary
Authors: Kimberly Eddleston and Mat Hughes
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...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Ruschelle Khanna