Family businesses are uniquely positioned to give forward and create impacts more far-reaching than they could ever imagine. Scott McCulloch explains. When someone does a good deed for you, instead of paying them back, pay it forward by doing a good deed for someone else. Once upon a time, […]
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 […]
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.
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.
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?