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Why More Daughters Are Taking Over Family Businesses By Chris Farrell on Wed Mar 06 2019 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
Four Ways Family Businesses Can Make Technology Adoption Easier By Jessica Thiefels on Mon Feb 25 2019 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
When Should a Family Business Bring in an Outside Expert? By Kerry Hannon on Fri Feb 01 2019 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
How to Plan a Successful Family Business Succession By Richard Eisenberg on Tue Jan 22 2019 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
What Restaurant Owners Can Learn From DeWolf Tavern By Kimberly Eddleston on Thu Jan 17 2019 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
Five Benefits of Having Multiple Generations in a Family Business By Jessica Thiefels on Thu Jan 10 2019 Multigenerational businesses can benefit from broader perspectives, lower turnover, stronger work ethic, deep experience and close relationships. Article originally published at NextAvenue.org , Read more
How Family Businesses Can Avoid Conflict Between Family and Business Roles By Kerry Hannon on Wed Dec 26 2018 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
Why Family Members Should Earn Their Place in the Family Business By Robert Caldwell on Wed Dec 26 2018 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
How Family Businesses Can Build a Social Mission By Kerry Hannon on Wed Dec 19 2018 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
Why Family Businesses Need Formal HR Policies By Kimberly Eddleston and Roland Kidwell on Tue Dec 18 2018 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