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Sharing inspirations for Family Businesses around the worldby Business Families Foundation

The 10 Key Success Factors of Succession Planning

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In order to ensure successful succession planning, it’s important to: Embrace Change; Forgive; Share Control; Appreciate and Recognize; Acknowledge History; Remain Objective; Don’t Feel Entitled; Communicate Directly; See Differences as an Asset; and, Be Honest with your Feelings.

The Two Components of Succession Planning

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Succession planning is twofold. One is an EMOTIONAL one – the desire to leave a legacy – and one is a FINANCIAL one.

Five Ways Any Business Can Build Trust

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“If people like you, they’ll listen to you. But if they trust you, they’ll do business with you.” Click here to find out the five ways any business can build trust!

Family Business Succession Planning

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Handing over the family business can be difficult – but it’s important that as an owner you stay realistic. Begin by finding out who’s interested in taking over, then use your judgement, choose your successor, begin delegating and solicit input without being pushy. Here are some helpful questions to consider when choosing a successor.

Difficulties of Transitioning the Family Business

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No agreements or arrangements for the passing of a business from one generation to the next can predict or provide for everything that may happen in connection with or after transition.

Next Generation Leaders Compete

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Last weekend, 24 teams of undergraduate and graduate level students from around the world gathered together at the University of Vermont for the third annual Global Family Enterprise Case Competition. Congratulations to the winner from Carleton University (the Sprott School of Business (Canada)) and the Jönköping International Business School (Sweden).

Trust in Family Business – Who Has It and How To Get It

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Generating stakeholder trust is key to achieving success. Four key factors that shape trust in business include: Industry and Sector: The technology industry continues to lead as the most trusted sector Country of Origin: Companies with headquarters in the BRIC nations are considered less trustworthy than those in the West […]

Consider the BOSS – How to Achieve Success in 2015

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Consider your Business, the Others, your Self and all Stakeholders in order to achieve success in the New Year.

Dependence on the Business and the Family

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Families that work together and live together are mutually dependent on both the BUSINESS and the FAMILY

Family Business Resolutions – Achieving Success in the New Year

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In the New Year, focus on making SMART resolutions for your family business. Your resolutions should be: Specific, Measurable, Attainable, Relevant and Time-bound. Six specific resolutions to consider in the New Year are: Create a succession plan, Develop an effective and independent board, Create a strategic plan, Develop a family […]





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The Future of Family Business

Today, family businesses play a crucial role in the economy, but will they tomorrow?

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Communication and Conflict Management

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80% of family businesses fail due to a lack of unity

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What Business Families Foundation can offer you

Intrapreneurship Programs

Looking to better understand key family business topics? We combine key concepts, expert advice and family perspectives to address important themes for you to apply in your own practices.

Launch your own Intrapreneurship Program

Start building a community of intrapreneurs wherever you are in the world. If you are ready to bring the Intrapreneurial Program to your community, we will help you make it happen.


Online Courses

Looking to better understand key family business topics? We combine key concepts, expert advice and family perspectives to address important themes for you to apply in your own practices.

Compass for Entrepreneurial Families

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.


Interactive Activities

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.

What Should We Talk About at Family Meetings?

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.

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 in regard to balancing family and business communication.


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.

Introducing the Family Business to the Rising Generation

Listen to David as he shares a personal anecdote regarding the introduction of a family business to the new generation. Introducing the company's history to the new generation can spark passion and loyalty at a young age. This passion is especially important to family businesses who often rely on the next generation as successors of the business.


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.

Interaction between the junior and senior generations in a family business

Watch Professor John Davis of Harvard Business School talk about the importance of reinforcing partnering between the junior and senior generations in a family business. In a family business, it is important to familiarize the rising generation with the business early on, so that they can take on responsibilities sooner.


Infographics

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.

In Business With Your Spouse

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?


In Business With Your Spouse

Monthly Feature

Want to be first in the know? Each month we release one item from our PREMIUM package to the public for a limited time. Don’t miss this opportunity to check out brand new BFF resources.

Safe Space - Governance in Action

This course is designed to be completed in tandem by members of the rising and senior generations, as learning partners.


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