EFBC: A Leading Chicago Family Business Resource
Running a family business comes with unique challenges—and unique opportunities. From navigating succession planning to strengthening relationships across generations, family business leaders need more than generic advice. They need a community that understands their world. That’s where the Entrepreneur and Family Business Council (EFBC) at DePaul University steps in as a premier Chicago family business resource.
Why Family Businesses Need Specialized Support
Family businesses are the backbone of Chicago’s economy. In fact, family-owned companies make up more than 60% of privately held firms in the U.S., yet fewer than one-third successfully transition to the next generation. That means thousands of Chicago family businesses are facing big questions:
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How do you balance family dynamics with professional decision-making?
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How do you prepare the next generation to lead?
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How do you keep the business growing while protecting family values?
At EFBC, we know that these challenges require more than one-size-fits-all solutions. That’s why we create spaces where business owners can connect with peers, share experiences, and gain insights designed specifically for family enterprises.
The EFBC Approach
For more than 30 years, EFBC has provided education, peer support, and trusted connections for family businesses and entrepreneurs. Our approach is built on three pillars:
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Forums – Small, confidential peer groups where leaders share openly and learn from one another’s real-world experiences.
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Events & Roundtables – Expert-led sessions on critical topics like finance, HR, marketing, and digital transformation.
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Strategic Partners – Access to vetted professionals in areas like law, IT, accounting, and leadership development.
The result? Family business leaders walk away with not just strategies, but also relationships that sustain them for decades. Many members stay in their Forums for 20+ years, a testament to the lasting value of this community.
Building for the Next Generation
EFBC also invests heavily in preparing future leaders. Our Business Curriculum and next-generation programming ensure that sons, daughters, and rising executives gain the tools they need to lead with confidence. From strategic planning to emotional intelligence, our focus is on creating leaders who will carry both their family’s values and their business forward.
Your Chicago Family Business Resource
Whether you’re managing growth, preparing for succession, or simply looking for a trusted network, EFBC is here to help. We’re more than an organization—we’re a community built on trust, learning, and shared experience.
If you’re looking for a Chicago family business resource that understands your unique journey, EFBC is ready to support you every step of the way.

