Tag: family business advice

Your Family’s Mental Model Might Be Fueling Its Conflicts

Different ways of thinking shape how families make decisions, resolve tensions, and pass leadership across generations. Every family business has its own way of seeing the world. Some center around a Read more

The Wetherbe Thought Leadership Awards recognize EIX and FamilyBusiness.org authors whose articles have had extraordinary impact over the past decade. EIX and FamilyBusiness.org are expected to Read more

Learning to Let Go of a Startup

Handing off a family business to the next generation can be difficult, but it doesn’t have to be. EDITOR'S NOTE: This article is part of The Great Unretirement, a Next Avenue initiative made Read more

Congratulations! You’ve sold your business. Now prepare to be depressed. Most founders see selling their business as a gateway to new wealth and a dream come true. But many underestimate how Read more

Nonfamily CEOs Are Most Vulnerable in the Middle Stage of Their Tenure

Family businesses tend to give all CEOs time to prove themselves, but are tougher on outsiders who don’t deliver results after a few years. EDITOR’S NOTE: This article was produced in partnership Read more

Can a Female CEO Lead to More Diversity at the Top?

At family firms, decisions are often shaped by traditions, preferences, or informal dynamics that are not easy to override, even for the CEO. Research has shown that gender-diverse leadership can Read more

Business Families Must Get Real About Growth and Payouts

Sometimes the family grows much faster than the business, especially in saturated markets. This has deep implications for how we manage family and business expectations. When we talk to Read more

Tariffs, Turmoil, and Family Tiffs: Navigating the Current Chaos

You can support your business through economic uncertainty and maintain unity and commitment. Multigenerational enterprising families are not easily shaken. Over decades and sometimes centuries Read more

Your CEO Affects How Outsiders Perceive Your Brand

Family or non-family leader? Your choice depends on the age of the firm, and can ultimately shape how the media and outside stakeholders see you. EDITOR‘S NOTE: This article was produced in Read more

Businesses in trouble can reap benefits by displaying humility – but the rules differ for family and non-family firms. Across the United States, both family-run and nonfamily-run businesses have Read more