Tag: family business advice

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

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

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 world Read more

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

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

How to Transform an Outdated Board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

Managing Emotional Minefields Within Family Businesses

Adam looked at the customer standing at the counter in the wine cellar in disbelief. He couldn’t believe what he was hearing. He found the customer’s comments to be slightly rude. Adam felt anger Read more

Dick Schulze Reflects on Our Growing Impact: More Than 15 Million Annual Views

Richard M. Schulze, Founder and retired CEO of Best Buy, sat down on April 19 with EIX Founding Editor Jim Wetherbe to discuss the 10 th anniversary of the first EIX home page. EIX was launched on Read more

Using AI to Grow Your Family Business

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

A Family's Non-Financial Values Shape Its Sustainability Strategy

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