What’s the distinction between ‘being wealth creators’ and ‘being wealthy’? One of the characteristics of enterprising families is a culture of ‘being wealth creators’ rather than just ‘being wealthy’. There is an important distinction between these two ideas. To explain the distinction, think of two families: A and B. Family […]
How to build on the potential of the ‘couple partnership’? At BFF we like the idea that a couple partnership (two people, two siblings, two generations etc.) can generate an unexpectedly large amount of value. To put it another way, it’s possible that 1+1 = 3. To maximise the power […]
Entrepreneurial Families and the Triple Bottom Line Every year, Business Families Foundation brings together some of the greatest entrepreneurial family role models to share solution-driven ideas. This year, we are pleased to host our Family Matters Forum in Vancouver, BC, taking place October 19-21. We will address how to […]
How would you know? Excellence Canada and PwC Canada are pleased to present the Canadian Business Excellence Awards for Private Businesses. The Canadian Business Excellence Awards for Private Businesses celebrates companies that are already doing lots of things right today and are on the path to even greater things tomorrow. […]
University of British Columbia’s Sauder School of Business Business Family Centre has launched a free self-paced online course for family businesses – available on edX! The Business Families Centre at the University of British Columbia’s Sauder School of Business has launched a new online course for family businesses. Family Business […]
If family members work together, are they more likely to have multi-layered relationships with each other, rather than weak acquaintanceships? At BFF we witness families whose relationships are stronger because they are connected by the ‘glue’ of a family business. For this reason we particularly enjoy watching a mom-and-daughter team, […]
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 […]
What if family members worked for two-year periods in the family business, at various points in their lives? A commonly asked question is: “should I join the family business?” People typically think that the answer must be ‘yes’ or ‘no’. But suppose the answer were to be: ‘for a bit…when […]
Have you ever evaluated the way you make decisions in your Family and in your Business? Communication in the decision-making process has proven to be one of the best mechanisms for success. Many family businesses are unaware that structures can dramatically improve the effectiveness of their decisions. In fact, inclusive decision-making structures […]
Can two siblings make a success of being co-leaders of a family business? It’s always interesting to hear about siblings who lead a family business together. Successful sibling partnerships can leverage the power of two different people and add a lot of value. But all too often it’s destructive stories […]
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.
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.
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.
Imagine if there was a potion to success… Identifiable qualities and steps that you could follow to build a 100-year family business. Well, we have just that. Follow the seven qualities here and you’ll be on your way to a sustainable multi-generation business.