Looking for family business advice? You are not alone. Family business
statistics indicate that more than 80% of all businesses are family-owned
businesses.
These family business articles offer entrepreneurial advice on
a wide variety of family business topics, everything from choosing
family business consultants to working with family members to planning
for succession in family businesses. Enjoy!
- Family Business Advice - Looking for good advice for family businesses? Working with family members in a family-owned business is full of challenges, so we've assembled a list of excellent family business tips for you. More...
- Working with Family Members - Hiring relatives? Running a family business? Conflict in a family business is perhaps one of the most unpleasant things one can experience. More...
- Family Business Succession Planning - Does your family business have a succession plan in place? If not, it's time to start thinking about what will happen when you are no longer around to run the business. More...
- Family Business Statistics - You might be surprised to learn how big a role family businesses play in the economy. Here are a few interesting family business facts and figures. More...
- Compensation in Family Businesses - Family business compensation is often a sensitive topic. We offer some best practices for compensating family members. More...
- Family Business Rules - Family businesses need a special set of operating rules because they are different from other businesses. Here are some rules that may make sense for your family business. More...
- Family Business Mistakes - Want to ruin your family business in a hurry? Here are some common mistakes that can lead a family businesses from riches to rags. More...
- Daughter Successors - Fifty years ago, it was very rare to have a daughter take over the family business. These days, it's a commonplace occurrence. More...
- How to Announce a Family Business Leadership Change - It's time to hand the family business over to your son or daughter. What's the best process for announcing the transition? More...
- How to Fire Dad - For many family businesses, there comes a time when the older generation should bow out. But what do you do when they simply refuse to hand over power? More...
- Starting a Family Business - Thinking about starting a family business? Here are a few things to keep in mind. More...
- Family Members in a Company - Often small businesses have family members at various levels of the organization. This can be a helpful situation or troublesome depending upon how you manage it. More...
- Hiring Family Members - Hiring relatives is usually a recipe for disaster, especially if the relative has no relevant skills. But sometimes you have to make the best of a bad situation. More...
- Getting Divorced and Own a Business Together - If you and your spouse own a business together and you have decided to get a divorce, this is a must-read article. More...
- Starting a Family Business - Starting a family business can be a very rewarding and profitable endeavor, but for some they can also lead to destructive relationships with your business partners, investors, and family members. Be sure you have laid out a personal and professional plan with your family members prior to starting your business with them. More...
