Family Business News

Family Business Tips

  • How to borrow wisely

    When it comes to using debt financing, the tolerance level in the family business sector is a moving target. The willingness to borrow can vary...
  • A formal process for managing conflict

    Just as businesses have contingency plans to address various threats, family companies should also have a plan in place for managing family disputes...
  • Navigating emotions in succession planning

    In family-owned businesses, multiple factors complicate the selection of a new leader. Issues of founder mortality, the perception that the CEO and...
  • Getting buy-in for fresh ideas

    In a family business, change can be a source of friction between generations. Here are some suggestions from NextGens on how to achieve buy-in for...