Tag: Family Business

5 Benefits of Having a Multigenerational Family Business

Article originally published at NextAvenue.org , which has partnered with EIX.org on a series of high quality features about family business and entrepreneurship. Part of the America’s Read more

How to Run a Family Business Successfully

Article originally published at NextAvenue.org, which has partnered with EIX.org on a series of high quality features about family business and entrepreneurship. Part of the AMERICA'S ENTREPRENEURS Read more

From Entitlement to Contribution

When a father, absent during the day, returns home at six, his children receive only his temperament, not his teaching. -- Robert Bly A client told me once that all a family member needed to come Read more

How a Family Business Can Develop a Social Mission

Article originally published at NextAvenue.org , which has partnered with EIX.org on a series of high quality features about family business and entrepreneurship. Part of the AMERICA’S Read more

Let's Get Professional: Family Firms Need HRM Practices

Hiring, training, appraising and compensating the right people in the right way is a crucial element to the success of any organization. It is commonly assumed that many growing family firms are not Read more

How Can the Family Business Cope When a Key Non-family Exec Leaves?

NOTE TO TEACHERS: The downloadable supporting document (above) includes material to guide classroom discussion. This case is based on a real family business, although the specifics have been changed Read more

Trust Me: I'm a Salesman

Entrepreneurs must believe in their products or services deeply enough to explain their worth to potential customers or clients. For most, this means learning to sell for the very first time -- an Read more

Thriving or Trapped in the Family Business?

For some individuals, working in a family business can be an incredible gift. For others, it's a prison without any chance of parole. For those who are feeling trapped in the family business, Read more

When entrepreneurs raise entrepreneurs

Family businesses are the backbone of many economies. However, many potential successors of family businesses decide not to join the family business at first, but to become entrepreneurs themselves. Read more

How Family Firms Can Innovate With Less

Family firms often face limits on the financial and human capital available to them. But in Germany, a class of small- to medium-sized businesses known as the "Mittlestand" has learned to transcend Read more