With an undeniable entrepreneurial DNA and as founding partner of Vancouver-based Renewal Partners and chairman of Renewal Funds, Joel Solomon knows a thing or two about about investing in a sustainable triple bottom line (people, planet and profit). The Clean Money Revolution, by pioneering investor Joel Solomon, calls for the reinvention of […]
As the concept of the Innovator’s Dilemma pervades business culture, organizations big and small, in sectors from education or high-technology, increasingly worry they will be “disrupted” by industry newcomers. “Disrupt or be disrupted,” the Silicon Valley adage goes, influencing organizations to experiment with emerging business models, out of fear that these harmless new players may down the line challenge their age-old business (e.g. MOOCs and business schools). Driven in part by this need to stay at the frontier of innovation of a quickly changing landscape, large and established companies are investing in new ventures. At first glance, family businesses may play no obvious role in this dynamic, neither as investor or investee. However, Family is one of the Fs in the three Fs of entrepreneurial financing, along with Friends and Fools, meaning that family businesses have likely started with family funding at one point. Furthermore, the unique goals and composition of family businesses may in fact provide them with considerable advantages compared to non-family business investors.
Worried about borrowing from banks for your family business? Are experience and a strategic partnership equally as important as the financing to help grow your business? Then maybe an HNWI is right for you! What’s an HNWI? Find out here.
Entrepreneurship is en vogue. Policymakers, researchers and educators alike are showing increasing interest in this phenomenon as a result of the growing awareness of the importance of entrepreneurs to spur a country’s innovativeness and competitiveness, job creation and overall societal development.
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.
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?