FamilyBusiness.Org

Donor-advised funds let entrepreneurs support charitable causes while managing taxes and avoiding the administrative burden of traditional foundations. These funds offer flexibility, control, and a lasting philanthropic legacy. From Kimberly Eddleston Kelly Q. Webster https://lnkd.in/epfEGgYp

Including in-laws in your family business can strengthen relationships and contribute to success. Set clear expectations, communicate openly, and create boundaries for sensitive information to ensure long-term growth and harmony. From Claudia Binz Astrachan, Ph.D., Joe Astrachan, and Torsten Pieper https://lnkd.in/dw9AvHMV

Native American entrepreneurship is on the rise, with businesses spanning diverse industries from telecommunications to art. Entrepreneurs are overcoming barriers through innovation, tradition, and a commitment to learning and community. From Chris Farrell https://lnkd.in/enycT8B

Family businesses must confront mental health challenges that can impact both personal relationships and business operations. By fostering open dialogue and support systems, families can enhance resilience and secure long-term success. From Andrew Keyt https://lnkd.in/exgaY-66

Managing and leading a family business is not easy task. Every day is a new set of challenges not just for your business but for your family as well. Our latest issue will help you navigate those challenges. With articles ranging from topics like using your history to grow your business, how to manage your money, lessons for family business leaders from the hit show 'Yellowstone', why you should start listening to your daughters and nieces, why being local is a good thing, how your board can boost your performance and so much more. Thank you to all of our authors Christina Lubinski, William Gartner, Miruna Radu-Lefebvre, Jim Davis, Kimberly Eddleston, Robin Burns, Ana Gonzalez, Kristen Shanine, Ph.D., Kincy Madison, Andrew Keyt, Claudia Binz Astrachan, Ph.D., Tom A. Rüsen, Rebecca DeYarman, Prof. Dr. Lars B. Sonderegger, Philipp Jaufenthaler, Andreas Kallmuenzer, Sascha Kraus, and Alfredo De Massis. https://lnkd.in/ghDb8PuY

As many Americans approach retirement, an increasing number are embracing self-employment. This trend highlights the desire for fulfillment and connection, as retirees seek to turn passions into meaningful work, leveraging their extensive experience. From Richard Eisenberg https://lnkd.in/gtVF3uHP

Family firms face an “ability-willingness paradox,” holding great potential for innovation but often hesitating due to fears of change. Aligning family and business systems is essential for unlocking this potential and ensuring long-term success. From Emanuela Rondi, Alfredo De Massis, and Josip Kotlar https://lnkd.in/gn8UNXNJ

Legacy is a crucial asset in family businesses, but it needs definition and adaptation to endure. By documenting and sharing stories, creating formal legacy plans, and remaining open to change, firms can ensure continuity and growth. From Miruna Radu-Lefebvre, Jim Davis, and William Gartner https://lnkd.in/g4AaFWdN

The challenges faced by the Dutton family in "Yellowstone" mirror those of real-life family businesses. Open communication, vertical integration, and preparing the next generation are essential for preserving legacy and driving future success. From Robin Burns and Ana Gonzalez https://lnkd.in/guj-Xa5z