Family Business Passion If you want to succeed in the family business, you’d better be extremely passionate about it! Being in a family business can be extremely difficult. Therefore, that’s why passion is such an important ingredient. You have to love it so much that you’re willing to go through the pain to make it […]
From the time we are toddlers, team work is stressed daily. From playing together in a play group to Little League and group projects in school, we are expected to be a team player. It doesn’t change when we become adults and enter the professional world either as an employee or a family business manager. […]
In family business, having a succession plan and transferring your role as family business manager to the next generation isn’t easy and can be a lengthy process. Because of this, it is critical to prepare for succession by having a plan in place well before you need it. If possible, you should make your succession […]
Managing a family businesses is an important skill the family business leader should learn. Here are some common problems and how to deal with them.
Even in a family, many people have an uncle, aunt or cousin that he or she does not quite see eye to eye with every day. This can lead to conflicts in family business but there are ways around these sticky situations. You can work effectively with family members with these tips and a little […]