Tag: Family Business

To Encourage Innovation, Tap the Next Generation of Leaders

In these times of change and uncertainty, one thing is still certain: product-service innovation remains the lifeblood of family firms. Without innovating, pioneering competitors will make existing Read more

Family Business Succession Planning: 10 Golden Rules

There is no one-size-fits-all approach to family business succession planning. Every situation is different and every family is uniquely complex. However, some principles appear to transcend culture Read more

Succession: Don't Assume Your First-Born is the Anointed One

Succession is a defining moment in all family businesses, and making the right choice about who is going to be the next CEO can be critical to survival. Tradition, previous choices, and historical Read more

This article is part of America's Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX. Have you ever heard that a millionaire becomes a Read more

What Families in Conflict Can Learn from Baseball and Teachers

Either a private family business conflict ends up in the courts, or gets settled by alternative methods involving third-party neutrals – usually mediation and arbitration. These neutral parties can Read more

Female Advisors Can Help Family Businesses

As we continue seeing women make progress in their family businesses by breaking glass ceilings, gaining board seats, and increasingly being named successor, it is important to celebrate the women Read more

Playing the Succession Game to Ensure Family Business Continuity

By Shital Jayantilal, Silvia Ferreira Jorge and Tomas M. Banegil Palacios Family businesses are especially conflict-prone, since sibling rivalry and other emotional undercurrents sometimes cloud Read more

Team Exercise: How Parenting Styles Affect The Next Generation

Because the family and business are inextricably intertwined in family businesses, parenting plays a critical role in shaping the next generation and their contribution to the family business. Read more

This article is part of America's Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX. A small-business credit card can be hugely helpful when Read more

EDITOR'S NOTE: This article is part of America's Entrepreneurs , a Next Avenue initiative made possible by the Richard A. Schulze Family Foundation and EIX . If you're planning to start a part-time Read more