Why join the Family Business Club?
Community
Research insights
Research insights
Connect with other family business owners and operators who have gone through the same struggles and are sharing their wisdom
Research insights
Research insights
Research insights
Access research specific to family firms to help you unlock valuable insights for your business
Pro-bono advisory
Research insights
Pro-bono advisory
Get access to vetted advisors to help you deal with specific issues
Three challenges that distinguish family firms
Generational Succession
Generational Succession
Generational Succession
Handing over a business you built to a child or family member is unlike any other leadership transition. It involves identity, legacy, timing, and relationship dynamics as much as strategy.
Family Governance
Generational Succession
Generational Succession
When family members work together, professional standards can blur. Nepotism, pay disputes, promotion fairness, and the difficulty of giving honest feedback to a relative are uniquely hard problems.
Legacy vs Innovation
Generational Succession
Legacy vs Innovation
The next generation brings new ideas. The founding generation guards what made the business great. Without a framework for resolving this tension, it becomes a source of conflict rather than strength.
Research shows that family firms often outperform non-family firms
They are more profitable, have
higher return on assets and equity,
and have a faster sales growth
Studies reveal that the biggest challenge facing family firms today isn't competition or markets — it's succession.
The next generation worries most about where they'll fit in, how ownership will be divided, and whether governance structures can keep pace as the family grows. The families that navigate this best are those that start the conversation early.
Our Impact
Since our founding in 2022, Baltic Family Firm Institute has been a place where Baltic family firms can access knowledge, research and valuable connections.