Tag: family business advice

Family Business Consultant or Coach: Which Do You Need?

Coaches help individual family members grow; consultants solve problems affecting the entire family business. Learn when to hire each and how they can work together. The family enterprise field has Read more

Multigenerational Consulting Teams Bring Wisdom and Fresh Insights

Many family businesses facing a leadership transition to the next generation turn to advisors to help them create a plan and work through their differences. Multigenerational advisory teams can help. Read more

How Family Offices Can Turn Impact Investments Into Measurable Results

Active ownership, clear goals, and close relationships with entrepreneurs can help investments deliver social and environmental impact. EDITOR'S NOTE: This article was produced in partnership with Read more

6 Questions to Ask Before Creating a Family Business Board

As your family business grows, informal decision-making may no longer be enough. These six questions can help you decide when and how to strengthen governance. For years, every important decision in Read more

Why Family Businesses Shouldn't Always Listen to Wall Street

What Nordstrom, Mars, Dillard's, and Patagonia can teach family businesses about ownership structure. In May 2025, Nordstrom ended more than five decades as a publicly traded company. Members of the Read more

How Family Business Succession Shapes Innovation in the Next Generation

Research on 16 family businesses reveals why some successors build on the previous generation’s innovations while others rarely or never innovate. EDITOR'S NOTE: This article was produced in Read more

When Political Differences Threaten the Family Business

Political differences can turn dangerous when family members begin dismissing one another’s business judgment based on political identity. Imagine a family business meeting about how to reduce 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

Can a Family Business Consultant Really Help? Nine Experts Explain What Families Often Miss

Consultants often create their greatest value in ways families do not expect. They help families uncover what is really keeping them stuck, facilitate difficult conversations, coordinate with other Read more

Build a Family Governance Talent Pipeline Before You Need One

Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Family Read more