Family Business Magazine serves the unique information needs of multi-generational family-owned comp Family Business is the only magazine dedicated to thriving multigenerational family companies with a vital and active paid circulation of more than 7,500.
Readers include committed family company owners, leaders and shareholders. A multigenerational multimedia family company, Family Business has focused on family-owned company issues from financial distribution to emotional distribution for nearly 30 years. In addition to our print magazine and online media, Family Business Publishing hosts several conferences a year to educate family firm stakehold
Readers include committed family company owners, leaders and shareholders. A multigenerational multimedia family company, Family Business has focused on family-owned company issues from financial distribution to emotional distribution for nearly 30 years. In addition to our print magazine and online media, Family Business Publishing hosts several conferences a year to educate family firm stakehold
The many, many, many challenges of an embedded family office
A family office integrated inside the business might have its fair share of challenges, yet it's the most cost-effective way for families to manage risks
Private equity basics: Assess your options. #familybusiness
Brian O’Connor of Vestar Capital, professor Kaplan of the University of Chicago, and other industry experts explain the pros and cons of private equity.
The pros and cons of family foundations. PLUS, some best practices to consider.
A family foundation can unify the family and create an enduring legacy, however, this is only true if done right. Learn about the best foundation practices
When competing for talent in the executive labor market, family companies have several inherent executive compensation advantages to help attract and retain executive talent.
According to David Seitz, the biggest challenges are rooted in the absence of a total compensation strategy. informal pay governance process, and more.
The family therapist is in: On building trust in the family business
https://www.familybusinessmagazine.com/family-therapist-building-trust
What is the key to success? Research says, family councils, and other governance structures can assist a help in running a business for many generations
Fam Biz Goals: Getting your board to agree on the path to diversity
The anti-racial inequality movement along with ESG principles increased pressure on boards to include 'diverse' candidates. See what steps are being taken
8 tips: Success and leadership for women. Learn to master the skill of responsible risk taking in the new year.
Women leaders Betsy Cowles, Julia Klein, Anne Klamar, Ann Dugan, Charlotte Lamp, and Remmer Ryzewic share success tips for families and aspiring women.
Two perspectives on faith and family business
The family owners of A. Duda & Sons — a diversified enterprise based in Oviedo, Fla., with operations in farming, ranching and agricultural management, real estate development and commercial properties — share a strong Christian faith.The Yoh family, owners of Day & Zimmermann — a Philadelphia...
Succession planning: How COVID-19 magnified the importance of succession planning
When a family business fails, most people suspect that estate taxes or incompetent advisers led to its demise, but that’s rarely the case. Even before the estate tax exemption increased at the end of 2017, it was rare to find a family who couldn’t keep their business afloat because they needed t...
The family therapist is in: On building trust in the family business
In this new era of post-covid recovery it might be hard to build and sustain relationship trust, but it should be the primary priority for family companies
Are your family business documents in order? 8 things to consider
Members of a family business may be tempted to adopt ownership documents (such as shareholder, partnership and LLC agreements) that are less robust than would be the case if the owners were unrelated. The rationale is that “because we’re family, we don’t need a lot of complicated legal documen...
Resolving conflict is well worth the effort.
While it sounds cliche, sibling rivalry, generational patterns, power struggles and, poor communications are the main sources. Learn how to resolve these.
Register today for Transitions Spring 2022! As you're thinking about the holidays, give the gift that the whole family can experience. https://ts22.familybusinessmagazine.com/home
Register today for Transitions Spring 2022! As you're thinking about the holidays, give the gift that the whole family can experience. https://ts22.familybusinessmagazine.com/home
First-generation wealth owners are often ill prepared for the changes that come with new levels of wealth.
Whether you’re a newly minted tech billionaire in Silicon Valley or the owner of a family business in Asia experiencing exponential growth, you’re likely to face challenges in coming to terms with financial success. First-generation wealth owners are often ill prepared for the changes that come ...
How culture shapes what it means to be part of a family.
When family members dismiss existing social contracts, things can go awry. Design an explicit social contract and reshape to ensure a smooth succession
6 leadership tips for uncertain times. Number 1? Be visible. #familybusiness
From being visible, realistic to being appreciative, Dennis Snow offers tips on managing teams who are working during the Covid-19 pandemic. Check them out
Onboarding family members is key to sustained success. 8 tips on how to make the process intentional and meaningful.
Planned onboarding process is more than just a good financial investment. It's also a wise recognition of how vulnerable newbies to a company might feel
A family foundation can unify the family and create an enduring legacy — if the foundation is well run. Read the pros and cons right here
A family foundation can unify the family and create an enduring legacy, however, this is only true if done right. Learn about the best foundation practices
Radio Flyer (maker of red wagons) inks deal with Tesla. (No, this is not a headline from The Onion). #familybusiness
Chicago-based Radio Flyer, the iconic wagon-making company and 3rd generation family business, announced a partnership with Tesla, maker of sustainable vehicles and rocket ships. Together, the companies released the Cyberquad for Kids. It’s a high-performance electric ATV that offers fast speed (1...
How to talk to your kids about wealth. Be fearless, open and honest. And don't take any crap. # familybusiness
Most of us learn formative lessons about how to spend, save, invest and give as children and teenagers. In some families, parents, grandparents and other well-meaning adults offer advice, anecdotes and admonitions about what to do — and often what not to do — with money on a regular basis. In ot...
Boards behaving badly. Who is ultimately responsible for board dysfunction?
It takes 2 parties to create a dysfunctional board in any system dynamic. Mainly, it's the chairman’s responsibility to get the most out of its directors.
Laughter truly is the great uniter. Why? Everyone is attracted to the sound. Here's how to chill out and bring some levity to your family business culture.
Wealth coach Amy Zehnder thinks laughter could be the specially formulated epoxy that could repair broken relationships and help family business grow.
Keep your brand relevant in a multigenerational family business. Start with these 3 tips on rethinking your digital approach.
Three themes have emerged that have helped family organizations recognize and upgrade areas where their customer experience lagged modern expectations
Blended generations are a new reality that most successful multigenerational business families will face eventually. Here's what happens when thinking generationally breaks down.
As life expectancy has expanded and the world has become more interconnected, family business leaders face an unprecedented challenge — just ask the Queen Elizabeth and Prince Charles. Before our current era, succession in a family enterprise presented a clear and discrete dividing line between ge...
Two companies, two perspectives on private company share structures
Learn the details from the 3rd-generation owner of Quarles Petroleum, George Quarles, and 4th-generation shareholder of Mannington Mills, Carolyn Brown.
28 CEOs to watch. Entrepreneurs, innovators, leaders. It never gets old.
The qualities that distinguish a family business CEO are those that give the appropriate style of leadership for their organization at this point of time
6 best practices for your next virtual family meeting. Right here
Tighten up your agenda, leverage technology to engage attendees, restrict timing, and record are the key practices for virtual family meetings in 2021.
Insights on navigating the succession process: Much has been written and studied around succession, but the way forward isn’t always clear.
Family firm directors create conflict-of-interest traps by serving many roles. Avoid these traps by implementing SOX's ethics & conflict-of-interest policies.
It's probably time to rethink your family business' approach to branding. Read up:
At its core, digital disruption is about removing clunk. What’s clunk? Clunk is all of the parts of your brand experience that feel, well, clunky. Banks that make you use the drive through (or, worse, the inside teller window) to deposit checks. That’s clunk. “Call us now to schedule a FREE co...
Should you formalize your #ESG policy? Yes. It's more than a passing fad. https://www.familybusinessmagazine.com/should-you-formalize-your-esg-policy
Why #familybusiness defies formulas and spreadsheets. Go behind the scenes of Tim Canaday's courageous story and the Never Summer cover photoshoot.
I recently asked a selection of 15 family business influencers and academics for their definition of a family business. With each response came a different set of parameters. Some definitions were straightforward, one-sentence explainers. Others were complex mathematical equations about shareholders...
The Never Summer story is one of family, business, snowboards and endless winters. This month's cover story is here:
One of the great ironies about Denver-based, family-owned snowboard manufacturing company Never Summer is that at least one of its founders started out wanting to carve surf more than he wanted to carve powder. “We used to go out to California to visit our cousins who lived in Bakersfield, and I a...
What Does it Take to Be a Successful Family Business CEO?
In our November/December 2021 edition, Family Business Magazine recognizes a diverse group of family business CEOs for their exceptional leadership. To complement this special feature, we asked three of the CEOs to join us for a webinar discussion on the unique challenges and opportunities of leading a family-owned business. Join us tomorrow and hear what they have to say! Free registration:
How to fund new ideas and entrepreneurship with a family bank. #familybusiness
Family banks are often mentioned at conferences and in articles, but when we ask family business owners to define the term, they typically struggle with an answer. If they can define it, they usually think such programs are too complex for their own family and business.We are currently helping a cli...
What does your estate planning say about your family legacy? Read why carefully crafted estate and trust plans are key. #familybusiness
Well crafted estate & trust plans provide the tools for families to safeguard assets & protect their financial security and protect family business legacy
1845 Walnut St, Ste 900
Philadelphia, PA
19103
Be the first to know and let us send you an email when Family Business Magazine posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.
Send a message to Family Business Magazine:
The Nurse Practitioner Journal
Two Commerce Square