Families have a unique currency, but it must be nurtured and directed correctly to become a positive force, and not a destructive one.
Family businesses face many challenges to remain competitive, and the best solution is often to bring non-family professionals into top management positions.
When it comes to financing growth families are wary of banks and traditional private equity. Alternatives are out there, and one model in particular would be a perfect fit.
Business schools are keen to teach next gens, but the lessons they teach have to be adapted to be useful when students get home.
Families are swamped with advice about how to prepare the next generation to take over a business, but those who are retiring should be supported too.
Family firms can be obsessed with control of the core business, but this is a mistake. Instead, they should concentrate on finding new opportunities.