The Emerging Economy and Its Impact on Family Businesses
When a developing nation’s economy starts to flourish and become more involved in the global market, it is defined as an emerging economy. As countries
Category: Change Management
How to Effectively Manage a Family Company
With 50% of small businesses folding after 5 years, you want to do everything you can to build stability. And if you run a family business,
How to Improve Communication in the Workplace
Workplace failures occur for many reasons, but did you know that they’re caused by poor communication 86% of the time? Communication is crucial in business,
How to Successfully Transition the Family Business to the Next Generation
Did you know that there are around 5.5 million family-owned businesses in the United States? Whether the business is a vegetable farm, a beloved family
6 Tips for Effective Family Business Strategic Management
Running a family business comes with a special set of challenges. The term “family-owned business” tends to conjure an image of a small-scale, locally run
5 Reasons for Hiring a Family Business Consulting Firm
Did you know that according to one statistic, only 17% of family business owners have been operating for at least 100 years? It’s no secret that
The Challenges of Family Business Succession Planning
Many family businesses don’t actually have a succession plan. Look at preparing a family business succession plan to protect your family. If you’d like to learn
Where Should You Start and End With Continuity Planning?
One of the most frequent business mistakes is ignoring the need for continuity planning. How can any successful firm establish a long-lasting legacy without designing
Learning from Others’ Mistakes With Family Business Succession Planning
No one enjoys seeing an established brand throwing in the towel and calling it quits. Unfortunately, many companies fail when they don’t have family business
Family Business and You: Developing an Owner’s Mindset
A successful family business is one that not only profits but benefits its community. That includes both their immediate neighborhoods and the entire nation’s improvement.
