How Do I Make Money From This?

You've completed the intense coursework and Family Project. You've written your online exam. You've sat with two of your classmates, answering questions from the adjudicator- off the top of your head, no less. You've earned your letters, and proudly display your “FEA” certificate in your office. Now what? Where do I start? How does this work in real life? And, of course, the most frequently asked question from all prospective and new FEAs: How do I make money from this? The question is fair. You, or your firm, contributed a significant...

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Is there a Correlation Between Family Enterprise Life Cycles, Advisors and Trust?

In the recently published journal article in the Family Business Review, “Which type of advisors do family businesses trust most?” (http://fbr.sagepub.com/content/28/3/211), authors Perry, Ring and Broberg use socioemotional selectivity theory, or SEST – from the discipline of psychology – to examine the relationship between the age of a family business and its trust in family or professional business advisors. With the knowledge that people experience changes in their priorities as they age, the researchers argue that SEST could also be applied...

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Family Stories, Innovativeness and Generational Transition

The Family Business Review article “The Impact of Shared Stories on Family Firm Innovation: A Multicase Study” is a fascinating study on the relationship between family stories, generational transition and innovation in family firms. This article would be particularly relevant to advisors who are interested in family storytelling, intergenerational communication and the elements which can influence a family firm’s innovativeness (or ability to innovate). Researchers Nadine Kammerlander, Cinzia Dessi, Miriam Bird, Michela Floris and Alessandra...

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