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 […]
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, […]
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 […]
Anyone who owns a family business is familiar with the challenges faced when transitioning to the next generation. You aren’t alone! We have compiled 7 Lessons Learnt from people who have been in your shoes. Read more here, it may just save your business!
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.
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.
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.
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.