Tag: family business advice

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

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