Full access to Entrepreneur for $5

Class Acts

Family business forums are a one-stop education resource.

This story appears in the December 1996 issue of Entrepreneur. Subscribe »

Ten years ago if a family business had family problems, the usual response was to hush it up. Nobody, certainly not senior members of the firm, wanted to talk about embarrassments such as the father and son not getting along, siblings entangled in a Cain-and-Abel succession struggle, or a spouse who wouldn't talk to his in-laws because he thought his wife was being shabbily treated in the business.

Now, confidential forums where people can talk about these problems are available and in vogue, thanks to the 130 or so university-affiliated family business institutes and forums around the country--scores of which have opened in the past few years.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!