Family Business
Use "Family Business" in advanced search
As founders retire, more daughters are becoming owners and CEOs of family firms, challenging old assumptions about who should lead the next generation. This article is part of America’s Read More...
Category: Applied and Practice
Author: Chris Farrell
Family businesses can smooth technology changes by showing practical value, simplifying training, addressing privacy concerns and using outside experts. Article originally published at NextAvenue.org Read More...
Category: Features
Author: Jessica Thiefels
Family firms should seek outside expertise whenever they lack critical skills, need a fresh perspective or face problems the family cannot solve alone. Article originally published at NextAvenue.org Read More...
Category: Features
Author: Kerry Hannon
How to Plan a Successful Family Business Succession Family business succession can take years. Starting early gives owners time to choose successors, transfer knowledge and prepare the next generation to lead. Nothing succeeds like success, the saying Read More...
Category: Features
Author: Richard Eisenberg
Restaurants build stronger businesses when they go beyond selling meals and create genuine relationships with guests and their communities. The restaurant industry is among the riskiest, with Read More...
Category: Interviews
Author: Kimberly Eddleston
Multigenerational firms can benefit from broader perspectives, lower turnover, stronger work ethic, deep experience and close relationships. Article originally published at NextAvenue.org , which has Read More...
Category: Features
Author: Jessica Thiefels
How Family Businesses Can Avoid Conflict Between Family and Business Roles Family relationships complicate hiring, pay, promotion and succession. Clear policies can reduce conflict and help family members understand what the business expects. Article originally published at Read More...
Category: Features
Author: Kerry Hannon
Relatives should contribute because of their skills and performance, not their last name. Lower standards can create resentment and weaken the business. When a father, absent during the day, returns Read More...
Category: Commentary
Author: Robert Caldwell
Family firms can turn shared values into community impact by choosing causes carefully, starting small and building philanthropy into long-term business goals. Article originally published at Read More...
Category: Features
Author: Kerry Hannon
Informal people practices can create favoritism, confusion and conflict. Formal HR rules help family firms treat employees fairly and improve performance. Hiring, training, appraising and Read More...
Category: Education and Teaching
Authors: Kimberly Eddleston and Roland Kidwell