Tag: family business advice

The 7 Gears of Leadership, And When to Use Each One

Leaders acquire tremendous human capacities as they rise to the top. Their challenge is to deploy the right strength for each difficult situation. Navigating the unique landscape of family businesses Read more

Family Firms: Building Resilience Across Generations

Building on three specific attributes -- long-term orientation, social capital, and values-driven governance -- helps families build strengths for generations to come. Family businesses are often Read more

Invite Your Next Gens to Leadership

A family business adviser shares how to improve family dynamics to help younger family members get ready for top roles. To keep a family business within the family, younger family members must be Read more

Here Are the Next Gen's Biggest Worries

Many want to know where they will fit in the family enterprise; how the wealth will be divided; and how the business will be governed as the family grows in complexity. Dann Van Der Vliet, Executive Read more

Things to Consider When Transferring Family Business Ownership

Family business succession involves transferring ownership as well as management. Family circumstances and past events lead to three types of ownership transfers. EDITOR’S NOTE: This article was Read more

Family Business Leaders' Fear of Failure Can Inhibit Next Gens

When parents openly display fear of failing, it can unintentionally portray entrepreneurship as unsafe, undesirable, or even shameful. This doesn't help their successors or the business. Why do so Read more

Are the 'Best Practices' All Wrong for Your Family Business?

The best processes and systems come not from outside advisers and experts, but from how families actually live, relate to one another, and make decisions. Family businesses are more than economic Read more

Hand Down the Family Business but Keep a Hand In

Skip-generation entrepreneurship combines the wisdom of business founders with the energy and tech savviness of their grandchildren. Photo: Lauri Union, founding executive director of the Bertarelli Read more

Family CEOs May Encourage More Innovation Than Non-Family Leaders

While professional non-family leadership may bring some advantages, the stability brought by family leaders may encourage employees to innovate without fear of failure. Much research has focused on Read more

Like military strategists, business owners face decisions that must balance vision and resources, courage and caution, innovation and discipline. What can small business owners, family firms, and Read more