Family Business Blog & News Articles
Read the latest news and updates of what’s happening at Family Business USA. Look through the posts below to get the newest details.
Why Leadership Is Crucial To Family Business Success
Family businesses are the backbone of the American economy. Family-owned entities create jobs, fuel innovation, and contribute significantly to the nation’s GDP, from the corner deli to expansive agricultural operations. Family Business USA, with its rich heritage and a track…
Succession in Family Businesses with Non-Family Executives: Balancing Tradition with Expertise
Succession planning is a critical process for family-owned businesses. While many family businesses prefer to transition leadership to a family member, there are times when appointing a non-family executive may be the best option for the company’s long-term success. Whether…
Developing Emotional Intelligence in Family Business Leaders: The Key to Sustainable Leadership
In family businesses, where personal relationships and professional responsibilities are deeply intertwined, emotional intelligence (EI) is one of a leader’s most important qualities. Emotional intelligence—the ability to recognize, understand, and manage one’s own emotions and the emotions of others—helps family…
Cultivating an Entrepreneurial Mindset in Family Business Leadership: Fostering Innovation and Sustainable Growth
For family-owned businesses, cultivating an entrepreneurial mindset in leadership is essential for fostering innovation, adapting to market shifts, and ensuring long-term growth. An entrepreneurial mindset emphasizes creativity, risk-taking, adaptability, and the ability to seize new opportunities—vital for navigating the evolving…
The Role of a Family Foundation in Family Governance: Strengthening Legacy and Unity in Family Businesses
A family foundation can play a critical role in family governance within a family business. It provides a formal structure for charitable activities, strengthens family bonds, aligns family members around shared values, and reinforces the family’s legacy. By incorporating a…
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