Financial Education Center

Is Your Family Business on LinkedIn®? It Should Be!

Have you heard the saying, “If you’re not on social media, you should be!” before? Social media platforms are a great way to connect with others. LinkedIn® is a great tool for businesses and is used by millions of professionals and companies.

Ten Women Family Business Owners Who Succeeded Their Fathers

Only 10% of the world’s top family businesses are led by women, but the numbers are rising.

Business Succession Planning Buy-Sell Agreements

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing owner's share of the business. Specifically, buy-sells control when owners can sell their interests, who can buy an owner's interest, and at what price.

Building Client Relationships: Important to the Success of Every Family Business

Although producing a high-quality product or service that consumers want or need is essential to a successful, sustainable family business model, there’s yet another component that shouldn’t be overlooked: building authentic client relationships.

Sympathy and Succession: Lessons from History

Author Ken McCracken explores economist and philosopher Adam Smith's thinking on self-interest and sympathy and how to apply it to succession planning.

Research: Diversification, legacy issue top family business concerns

The author discusses how running a business and a family unit with an eye toward diversification is the best way to ensure a family’s legacy and, ultimately, the enjoyment of the fruits of the family’s labor for generations to come.