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 […]
Wealth creators in the 1% There is a common perception that the top 1% of households are completely at odds with the 99%. They are often assumed to be Forbes billionaires who live off inherited wealth (the ‘1% rentiers’) or are hedge fund managers and top bankers (the ‘1% working […]
BFF is proud to support the FEX movement – empowering enterprising families and their advisors with the best family enterprise knowledge, resources (including BFF online) and support available. Together we help unite business families across generations, across boardrooms and across Canada. FEX does not only leverage the unique strengths of […]
A 2016 report by the World Economic Forum paints a stimulating – and concerning – picture of the impact of the Fourth Industrial Revolution that is already beginning. As technology and digitisation becomes embedded within societies and even our human bodies, many routine functions will be “decimated” as early as […]
Michael Carney, Jing Zhao, Shubo Zhang, Limin Zhu A recent study of succession in Chinese Family Firms has provided fascinating new data regarding innovation and strategic change. The authors’ question was: Does a succession event lead to strategy change in family firms? They discovered that bringing the next generation into […]
‘Family intrapreneurship’ is a concept with the power to tackle two daunting challenges that face business families. The first challenge is how to engage the rising generation (who often have other aspirations than following their parents) while the second is how to be more innovative with products, services and business […]
When people are asked to describe a typical person in the 1%, they might start with hedge fund managers and top bankers (the ‘working rich’) or wealthy individuals who live off their inherited wealth alone (the ‘rentier capitalists’). They are unlikely to think of the segment of the 1% […]
If you studied economics in the 1970s you might have been told that the family business sector would soon die out. It was argued that widely-held companies, with hundreds of thousands of shareholders, were in a better position to raise large amounts of capital through stockmarkets. The future, it was claimed, belonged to them.
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.
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.
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?