Are well-defined milestones the secret ingredient in exceptional family businesses? Scott McCulloch breaks down the recipe. How do you strategically align family business values and management culture in a family business? The short answer is with great care. Yet it’s hard not to take a binary view with regard […]
At BFF we get to know a lot of the complex emotions that affect enterprising families: pride-in-achievement, purpose-in-the-project, determination-to-survive and many others. We really appreciate Brittney and Breanne Ramsay, of BRITT Land & Engagement, telling us about the crippling-fear they experienced when their dad became unexpectedly ill. Brittney Ramsay: “We […]
In BFF’s work with enterprising families we’ve noticed how, when people’s emotions become hot, they somehow seem to ‘forget’ important communication skills. People can become upset by even apparently innocent comments like: “I see what you’ve done, that’s what I expected you to do”. The retort could be: “So I […]
Written by Professor Peter Vogel We live in an era of unprecedented change and transformation. Technological, demographic, environmental and social uncertainty is causing leaders around the world to worry about the future of society, the economy and our planet as a whole. In an attempt to address the manifold challenges, a […]
Entrepreneurial families are able to thrive because of distinctive strengths. These include a time horizon that extends over generations, a stewardship approach based on deeply-held values, and an on-going renewal of the entrepreneurial drive. The strengths are supported by underlying success factors of ‘familyness’. However, there are several trends […]
Keeping up with the Waltons: Business-owning Family Socialization It is widely recognized that family businesses tend to orient decision making around maintaining control of their firm, which may result in a range of “economically irrational” strategic behaviours, such as suboptimal human resource practices, governance, corporate diversification, and R&D investment, in […]
Measure and benchmark the agility level of your own organization Being one of the modern management buzzwords, the true relevance of being “agile” is often underestimated – Agility is one of the key characteristics of successful organizations. Agility is widely understood to be the highest form of organizational adaptability – an organization’s capability […]
The summer is a wonderful time to reflect, reinvent and inspire ideas. We’re not often handed time to reflect on ourselves anymore, so it’s important that we create those moments for ourselves – consciously set aside time for personal reflection and establishing aspirations for the remaining of 2018. Reflection can […]
Did you know that 1 out of 3 intrapreneurial projects give birth to a solid new business, which is 3× more efficient than entrepreneurship! In a world of aspiring entrepreneurs, it is time to value innovation within existing family businesses. Who would have thought that a family owned recruitment firm would invest in […]
“The art of communication is the language of leadership.” -James Humes Communication is a delicate dance. Messages can be misinterpreted, ideas can be misunderstood, and we often say more with our bodies than we do with our words. In a family business context, there is an added level of complexity with regards to […]
Compass for Entrepreneurial Families is an educational program developed by Business Families Foundation to provide business families with a better understanding of fundamental, contemporary concepts.
Need help making important decisions? We’ve spoken to hundreds of families who have lived it. We’ll ask you the tough questions to guide you in finding the right solutions for your family and your business.
Play this interactive game to keep the family glue strong and to address issues around family communication and governance.
Relatable Case Stories
Want to see how it’s done? We’ll provide you with relatable business family scenarios so you can learn how to better handle difficult situations, anticipate common reactions, and avoid unnecessary conflict.
Setting clear communication boundaries in a family business can be complicated and every family is unique in how they decide to balance their work life and their family life.
Family Business Interviews
Searching for advice? We’ve collected hundreds of interviews. Listen to your peers speak about overcoming challenges and learn from their triumphs and failures to set your family and business on track for success.
Watch Carolyn Greenspon, a 5th generation member of The New York Times Company founding family, describe the influence her late great-grand-mother still has on the family to this day, and how business family leaders can act as role models to inspire generations to come.
Advice From Leading Experts
Seeking solutions? Hear from our specialists on best practices and strategies for dealing with common and complex family business issues. Take advantage of the knowledge and expertise they have to offer.
Listen to Dr. Ivan Lansberg, who teaches family business at the Kellogg School of Management, present ways of inclusion and exclusion of spouses in the entrepreneurial family governance and decisions.
Passionate about family business? Browse our interesting and thought-provoking collection of family business tips, tricks and stats! In reading them, we promise you’ll learn a thing or two about family business.
For some, the notion of working with a husband or wife is a desirable personal and professional scenario. If this partnership works well, husband-wife businesses are spectacular. However, if it does not work out, it can be devastating for the company and the marriage. But what do you need to consider when it comes to setting up a business with your life partner?