Tag: family business advice

ESG Essentials For Family Firms

‘ESG is an existential issue. Businesses that don’t demonstrate their commitment to sustainable practices could be punished by consumers, the media and even regulators.’ These are the words of Read more

Why Some Job Seekers Avoid Family Firms

Family firm branding can make a company appear authentic, but it's also important to convey innovativeness, prestige, and a fair shot at getting ahead. While approximately 75% of new jobs worldwide Read more

Outsource or Hire? Advice for Family Businesses

Ben Berger and Ron Nahass of RSM's Family Office talk about the benefits of letting trusted outsiders handle critical business functions. Operational excellence -- involving people, processes, Read more

Generational Experiences Shape Family Business Leaders' Priorities

Beliefs about success, responsibility, and value creation reflect the time and place in which business owners grew up. Religion and strong family ties magnified the impact. Family business leaders Read more

Beliefs about success, responsibility, and value creation are not formed in isolation—they are echoes of the time and place in which business owners grew up. Entrepreneurs don’t just wake up one Read more

How CSR Shapes the Power of Family Business Branding

Being family-owned or socially responsible endears a business to consumers. Having both attributes mutes the impact of family ownership, and requires a different branding strategy. EDITOR’S NOTE: Read more

Family Businesses Have a Massive Impact on the UK Economy

A new report by the Family Business Research Foundation and the Centre for Economics and Business Research shows families control 93 percent of UK firms. The UK’s Family Business Research Read more

Family Firms Prosper When Shareholders Think Like Trustees

A trustee mentality helps make large families with many shareholders more cohesive, and preserves wealth for generations. Business families with many shareholders and family members who have remained Read more

Senior Leaders: Prepare Early to Let Go of the Business

A handover often marks the end of life as the leader knows it and the start of a new and unfamiliar phase. A grieving process is not uncommon. For entrepreneurs, business shapes self-image and Read more

The Psychology of Effective Exit Planning: A Guide for Families and Advisors

Family firms can help the next generation move forward by understanding and supporting the emotional aspects of the exit for the current leader. Business advisors widely agree that the biggest Read more