The Business Nearby

Family Business

2 articles

Editorial illustration for Three Challenges Every Multi-Generational Family Business Must Solve—and How to Meet Them
Owner Spotlights

Three Challenges Every Multi-Generational Family Business Must Solve—and How to Meet Them

Multi-generational family businesses face distinct challenges in succession planning, generational dynamics, and adapting to change. Proactive strategies and formal structures are crucial for long-term stability and inter-generational harmony.

Shira Edelman·October 19, 2026
Three generations of a family in a business setting, symbolizing a smooth and strategic leadership transition for a multi-generational company.
Owner Spotlights

How to Plan Multi-Generational Business Leadership Transitions

Despite anticipating leadership changes, a significant number of multi-generational businesses operate without concrete succession plans, leaving their multi-million dollar legacies vulnerable to inte

Shira Edelman·August 18, 2026