Family Businesses

News and Articles About Family Businesses

Franchise Players: After Tragedy, a Son Takes Over as Franchisee

Franchise Players: After Tragedy, a Son Takes Over as Franchisee

When his father died, it was Mark Calis's turn to step up as co-owner of a Minuteman Press with his mother.
Market Basket's Family Feud Risks a Loss of Its Loyal Following

Market Basket's Family Feud Risks a Loss of Its Loyal Following

Happy employees and great prices lead to devoted customers, or so the theory goes. A New England supermarket chain may sacrifice all this in a battle of cousins.
How a Family-Owned Firm Can Beat the Odds and Pivot

How a Family-Owned Firm Can Beat the Odds and Pivot

Use the leadership change as a catalyst for a shift in the business model to keep up with trends.
Faith and Family at Work: A Recipe for Disaster or Prosperity?

Faith and Family at Work: A Recipe for Disaster or Prosperity?

Done right, melding business, faith and family is the most incredible pursuit you will ever undertake.
How to Successfully Exit Your Family Business and Pivot for the Internet Age

How to Successfully Exit Your Family Business and Pivot for the Internet Age

An owner explains how he refocused on online sales, sold the local family heating services firm and runs a new ecommerce company.

Understand This Before Joining the Family Business

Our expert suggests getting a formal operating agreement hammered out before investing time or money in the venture.
A Family Legacy: Tennessee Brothers Seek to Revive Fallen Whiskey Empire

A Family Legacy: Tennessee Brothers Seek to Revive Fallen Whiskey Empire

The Nelson brothers were staggered to discover on a country drive one day that their great-great-great grandfather owned and operated one of the largest whiskey distilleries in pre-Prohibition America.
How to Run a Family Business Without Killing Each Other

How to Run a Family Business Without Killing Each Other

Even though a reported 80 percent of all U.S. enterprises are family run, doesn't mean it is easy. Here are a few pointers on how to get along (and be successful).
7 Lessons in Harmony for Family Startups

7 Lessons in Harmony for Family Startups

Running a family business can unite members of a family but it can also tear them apart. Here are some tips keeping the peace, both at home and at the office.
Franchise Players: How Electronic Retail Became a Family Business for This Boomer

Franchise Players: How Electronic Retail Became a Family Business for This Boomer

After working in electronics retail stores for years, Scott Meyers decided it was time to start his own family business.
100-Year-Old Jolly Time Pop Corn Offers Kernels of Wisdom

100-Year-Old Jolly Time Pop Corn Offers Kernels of Wisdom

Fourth-generation owners Garry and Carlton Smith share how their family-owned business has stayed fresh for a century.
Franchise Players: A Young Franchisee Brings Family's Lessons to Forever Yogurt

Franchise Players: A Young Franchisee Brings Family's Lessons to Forever Yogurt

Mit Patel draws inspiration from his family as he ventures out as his own franchisee.
9 Essentials for Any Family Business to Thrive

9 Essentials for Any Family Business to Thrive

Running a family business is no easy feat. Here are nine keys to making it work.
Franchise Players: Two Men and a Truck's First Franchisee Reflects on 27 Years in Franchising

Franchise Players: Two Men and a Truck's First Franchisee Reflects on 27 Years in Franchising

Two Men and a Truck is built on a family of female entrepreneurs. Here’s what the first franchisee (and the founder's daughter) has learned.
The Frequently Fatal Family Business Flaw: Denial

The Frequently Fatal Family Business Flaw: Denial

It turns out, businesses owned by families suffer from bad management practices that could cause a meltdown.
Franchise Players: A Franchisee Follows In the Footsteps of Her Grandmother

Franchise Players: A Franchisee Follows In the Footsteps of Her Grandmother

Alicia Sorber Gallegos talks working as a Two Men and a Truck franchisee—a company founded by her grandmother.
How My Family Helped Me Build a 'Power' Research Firm

How My Family Helped Me Build a 'Power' Research Firm

Global company's founder says having his children help in the early days gave them invaluable experience.
Monster or Mastermind? 3 Business Takeaways from Wall Street's 'Wolf'

Monster or Mastermind? 3 Business Takeaways from Wall Street's 'Wolf'

While 'The Wolf of Wall Street' may seem like a cautionary tale of precisely what not to do in business, much can be learned from Jordan Belfort's story.
Veterans: 3 Ways to Minimize the Risks of Buying a Franchise

Veterans: 3 Ways to Minimize the Risks of Buying a Franchise

Owning a franchise can be an appealing option for men and women returning from military service. Here's some advice on what should be considered beforehand.
3 Types of Franchises That Make Great Family Businesses

3 Types of Franchises That Make Great Family Businesses

If you're thinking of buying a franchise and want your family to be involved in running it, consider these options.
Father and Son Team Create Candy Without the Extra Junk

Father and Son Team Create Candy Without the Extra Junk

Unreal Candy's natural treats are a fast-growing success.
4 Ways to Manage Working Relationships With Toxic Family Members

4 Ways to Manage Working Relationships With Toxic Family Members

Strategies for dealing with family employees who've become too much to bear.

Why You Should Start Preparing Your Ultimate Exit Strategy Now

You don't want your family to fight after you're gone, and you don't want the IRS to claim more than is necessary during the transition. Here are a few basics rules of thumb for creating a succession plan.
Is It Possible to Run a Business With Your Ex?

Is It Possible to Run a Business With Your Ex?

For some couples, working with their spouse every day can be a dream, but can the business last if the marriage doesn't?
Why I No Longer Want to Have it All

Why I No Longer Want to Have it All

Before you add on that extra project just because you can, realize that you're also playing a risky game of Russian Roulette.

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