Articles on Family businesses

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Running a business and successfully transferring ownership are two very different skill sets. Without thoughtful policy support, Canada risks losing not just businesses, but the jobs and community investments they sustain. (Martin Baron/Unsplash)

Budget 2025 ignores the looming succession crisis facing Canada’s family businesses

Budget 2025 failed to provide any measures to support and equip entrepreneurs and family business owners for generational transitions.
The Gunnersbury Estate, which was purchased by merchant and financier Nathan Mayer Rothschild in 1835, is seen in London in 2022. (Shutterstock)

What family firms like Rothschild can teach Canadian businesses about resilience

Family businesses like Rothschild can offer them significant advantages in international business. But families can also contribute unique biases that can compromise a business.
Donald Trump addresses supporters during a campaign rally as he celebrates his 78th birthday on June 14, 2024. Jim Watson AFP via Getty Images

We study aging family business incumbents who refuse to let go − here’s why the 2024 race felt familiar

Donald Trump is acting like the classic patriarch of a family business − and he’s not the only politician to do so.
Leadership decisions can be especially challenging for family companies. Warner Bros. Discovery

Should family members be in charge of family businesses? We analyzed 175 studies to understand when having a family CEO pays off

Family businesses face unique considerations when making leadership decisions.
While family owners can sometimes be bad for business, they can also be beneficial in many ways. (Shutterstock)

Corporate social responsibility: Why family businesses get more bang for their buck than non‑family firms

By investing in corporate social responsibility initiatives, family-owned businesses can make financial gains while also making positive societal contributions.
The family business is among the most common organizations in the world. But figuring out succession plans is rife with complications. (Unsplash)

The future of the family business: 4 strategies for a successful transition

As aging parents wonder about the future of the family businesses they founded, four succession strategies could help.

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