Tag: Family Business

'There's No Birthright' and Other Tips for Raising Entrepreneurial Leaders

Joe Brito, the third-generation head of C.B. Utility Co. in Bristol, Rhode Island, started his career in the family business as a laborer. He firmly believes that anybody entering their family Read more

How Family Business Leaders Can Encourage Both Devotion and Performance

Family businesses have unique strengths and unique problems because they blend two identities -- "family" and "business" -- whose priorities are often at odds. While the family identity nurtures Read more

Outside Leadership Can Save the Family Business

Cultures around the world acknowledge just how difficult it can be for a family-run enterprise to sustain itself over time. Many have their own version of the adage that family businesses go from Read more

Learn to Defend Your Family Firm

While the world around them is changing at a faster and faster pace in the midst of uncertainty, family firms are often a beacon of stability and dependability in our society. Although subject to the Read more

How New Solo Entrepreneurs Can Think Through Their Finances

Today people can no longer count on a steady paycheck in a predictable amount from an employer. We're seeing ever-growing numbers of “unintended entrepreneurs” -- once-employed people forced to Read more

Choosing a Board of Directors for a Family Business

It's important that current or future members of a family business understand best practices for assembling a Board of Directors (BOD). That's why we explore this in depth as part of a basic family Read more

Being Female Affects Business Loans from Family and Friends

It’s been said (ruefully) that Ginger Rogers had to perform the same dance moves as Fred Astaire, only backwards and in high heels. Unfortunately, this also holds true for women seeking financing Read more

Confidentiality Agreements Promote Candor in Family Business Classes

For students from family businesses to fully benefit from participating in a family business class, it is essential that they open up and share their experiences, both good and bad. The more the Read more

Investing for a Better World: A Conversation with Justin Rockefeller

Perhaps no other family is more synonymous with both capitalism and philanthropy than the Rockefellers. The family ’s fortunes in oil have made it possible for them to invest in initiatives that Read more

Why Family Firms Are Like Jenga

With ties that bind emotionally and legally, family businesses are different from non-family firms: sensitive, easily disrupted and conflict-prone. But in this interview with FamilyBusiness.org Read more