Family Business Resource Center

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.

Family Business Ownership and Leadership

Join a conversation with Rich Ryffel, Professor of Finance Practice at Washington University's Olin Business School and Josh Baron, Co-founder BanyanGlobal, Visiting Lecturer, and Author of “Harvard Business Review: Family Business Handbook”, as they unpack key differentiators surrounding family business leadership and ownership versus that of publicly-traded companies.

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.

Business Succession Planning

When developing a succession plan for your business, you must make many decisions. Should you sell? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest?

Survey Reveals Generational Differences

In partnership with MacKenzie Corporation, First Bank’s Center for Family-Owned Businesses surveyed 552 respondents for its “2023 Family Business Survey”.

A Lifetime of Protecting Country, Family, and Faith

On this episode of From the Hart podcast, Ed Hart, Director of First Bank’s Center for Family-Owned Businesses, has a conversation with Martha Daniel, Founder and CEO of Orange County, California based Information Management Resources Inc. (IMRI). IMRI is family-owned and operated, and provides cyber security and IT support to the military, several government organizations, and businesses of all sizes all over the country. Ms. Daniel shares her passion for family business, and discusses who has inspired her throughout her life.