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Family relationships complicate hiring, pay, promotion and succession. Clear policies can reduce conflict and help family members understand what the business expects.
Family firms can turn shared values into community impact by choosing causes carefully, starting small and building philanthropy into long-term business goals.
Family firms should seek outside expertise whenever they lack critical skills, need a fresh perspective or face problems the family cannot solve alone.
Older founders can bring experience, contacts and capital while younger partners contribute digital skills, energy and fresh ideas.
Things can get prickly when a family business contemplates expansion. Advice on how to pull it off.
(This article is part of America’s Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX, Entrepreneur and Innovation Exchange .)
This article is part of America’s Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Entrepreneur and Innovation Exchange .Part of the
Shell-shocked small businesses are adjusting to a new reality. Some tips for coping, and some agencies that can help.
Family businesses have a big weapon against setback: their ability to rally the team and re-group. But crisis often forces them to reckon with long-ignored issues.
Four midlife entrepreneurs, including a former president of Trader Joe's, offer sage advice on crisis management for business owners of all ages.
In an era of shuttered retail operations and staggering layoffs, is this really the best time to start a business? The answer will surprise you.
These programs address the unique strengths and challenges of older entrepreneurs striking out on their own for the first time.
You'll want to understand the tax rules so you know what you can and can't write off on your tax return. Here is the lowdown.
Running a home business can be lonely, especially during uncertain times. Creating a support group of other entrepreneurs working at home can be the solution.
Intergenerational partnerships are on the rise in small business. Here's how to respect the boundary between parent and child and make the business work.
If you're running a business, here's the case for offloading administrative tasks that consume time but don't generate revenue.
Investigations into American Express's potentially aggressive and misleading sales practices make this is an ideal time to review how business owners should use credit.
Many have waived salaries and taken money out of their personal savings to pay business expenses, sometimes endangering their current and future financial security.
Funding a business in midlife these days can be challenging, and some methods are more fraught than others. Here are five options.
