Life is short, break the rules, forgive quickly, kiss slowly, love truly, laugh uncontrollably, and never regret anything that made you smile. Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines. Sail away from the safe harbord. Catch the trade winds in your sails. Explore. Dream. Discover. (Mark Twain)
As millennials, or those born between 1980 and 1990, enter the workforce, organizations everywhere are struggling to attract and retain top talent. New research from Pew Research Center shows that millennials are among the best-educated cohort of young adults in American history. And the reality is that their participation is required in order for the organization to survive in the long-term.
A family business is more likely to strive when there is a cohesiveness family behind it. That “all for one and one for all” mindset will do wonders for your business! Find out how you can build a cohesive family business right here!
Sooner or later, you will need to negotiate with someone in a position of power. It doesn’t matter if you are a man or a woman, older or younger, right or wrong. Negotiating is an established way of reconciling the different needs and visions of two different parties, and an inevitable stepping stone to a better future.
Baby boomers are retiring and Generation Y’s are looking for successors. Who’s next in line? Generation Z. Learn these easy-to-follow strategies to engage this generation. Remember, they are the future leaders of YOUR business.
In Christy Wampole’s controversial New York Times’ Piece How to Live Without Irony, she scrutinizes the stereotypical millennial or “hipster,” and his defensive approach to life. Using irony as a self-accusing shield against external criticism or ridicule, the Hipster refuses to publicly declare an affinity to any style or belief, only donning clothes or ideologies in jest, protecting himself from ever having to make a commitment to an identity.
Some people say you’re born with it. Others believe you’re taught it. We’re here to say it’s family dynamics that trigger the entrepreneurial spark. Find out how to kindle the fire that is entrepreneurial behavior.
One of the well-known traits of millennial, or those born in the 1980s and 1990s, is their lack of trust of institutional hierarchy and their desire for autonomy and recognition. These characteristics, coupled with the low cost of technology today, make entrepreneurship a highly attractive option for this cohort. As a result, organizations must cultivate the right environment to attract and retain members of Generation Y, or risk losing out on talent, innovation, and the next generation of business leaders. The process will not be easy. It could alienate or upset other employees within the organization and is likely to disrupt traditional decision-making processes for a while.
We’ve learned from the past. In today’s society, business owners are increasingly expected to take responsibility for the actions of their business. How can you be confident with your ownership choices? Discover these key patterns behind responsible ownership.
While very few businesses live to see the day where their leaders must pass on their duties to the next generation, the companies which do survive often struggle with this high-stakes, and at times, complex, decision.
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?
The Clarkson Centre for Board Effectiveness (CCBE) at the Rotman School of Management has a mission to study corporate governance and provide practical insights for companies about what good governance means.