50 Best Practices for Perpetuating the Family Business
Discover the habits of the most successful multi-generational family businesses—and apply them to yours.
Download the 50-Point Checklist
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Successful family businesses don’t just happen—they are intentionally built and nurtured over generations. The most enduring enterprises have developed governance structures, leadership transitions, and communication practices that sustain both the business and family relationships over time.
This 50-Point Family Business Health Check, inspired by our co-founder John L. Ward’s Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting, Successful Families in Business, helps business-owning families assess where they stand today and where they may need to focus for the future.
- Identify strengths in your business and family governance
- Uncover potential areas for improvement
- Gain clarity on key factors that influence long-term success
- Start conversations about continuity, leadership, and family harmony
Looking Ahead
Each family business is unique, but those that thrive across generations tend to follow similar best practices. This checklist is a helpful starting point for assessing where your business stands today and thinking about what’s next. If certain areas stand out as priorities, thoughtful planning and open conversations can help ensure a strong future for both the family and the business.
At The Family Business Consulting Group, we work alongside business-owning families to navigate these complexities, providing guidance on governance, leadership transitions, and family harmony to support long-term success.