New Practical Advice for Family Businesses
1st July 2019
Starting today, the IFB Research Foundation is unveiling a new advice series on key family business challenges. The short guides, which will be published throughout the summer, offer practical guidance for family business people to manage some of the challenges that they encounter. They will be free to access, giving all family businesses access to an important resource.
Anyone involved in a family business faces challenges. These new guides give family business owners and managers practical guidance on how to overcome those challenges, along with case studies from leading family firms that show how they have tackled the challenges and continued to succeed.
The Family Business Challenges series comprises 18 guides, focusing on key themes, including engaging the next generation, planning for succession, managing differences, branding the family business and more. The first two guides, Understanding Family Business and Maintaining Family Values, are now available on the IFB website.
The first guide – Understanding Family Business – provides an introduction to the theory behind how family businesses operate, including the famous Three Circle Model. It is a must read for family business owners. The guides also provide a great introduction for any non-family managers who want to better understand the thinking and drivers within the family business.
Rebecca Pozzi-Taubert, IFB Communications Manager, said on the launch of the new guides “These guides are a fantastic resource for family businesses. They provide incredible advice, and the case studies reinforce that no family business is alone in tackling the issue that is keeping them awake at night.
“The first guide – Understanding Family Business – provides an introduction to the theory behind how family businesses operate, including the famous Three Circle Model. It is a must read for family business owners.
“We will be launching all the guides over the summer – so keep checking our website and social media for the next installment.”