Family Businesses

News and Articles About Family Businesses

This Family Business Begun in a Basement Has Gone Big Time
Family Businesses

This Family Business Begun in a Basement Has Gone Big Time

Lifeway Kefir was begun a generation ago on a shoestring budget and is now a $150-million operation.
Daphne Mallory
The Benefits of Launching a Family Business in Your Golden Years
Older Entrepreneurs

The Benefits of Launching a Family Business in Your Golden Years

Whether because of economic necessity or to satisfy a postponed desire, for some the best time to start a business is when they otherwise might retire.
Daphne Mallory
3 Key Agreements Every Family Business Needs in Writing
Family Businesses

3 Key Agreements Every Family Business Needs in Writing

Sadly, family businesses are not immune to the disputes that afflict every business. Putting agreements in writing can save the family, as well as the business.
Daphne Mallory
What Small Businesses Provide That Larger Companies Cannot
Benefits

What Small Businesses Provide That Larger Companies Cannot

A tragic turn of events at one firm reveals that something is eventually lost at a larger scale.
Gene Marks
The Importance of Developing a Family Business Mission Statement
Mission Statement

The Importance of Developing a Family Business Mission Statement

Knowing the greater purpose of why your family has it's own business is a powerful way to motivate and build your brand.
Daphne Mallory
5 Reasons to Make Starting a Family Business Your New Year's Resolution
Starting a Business

5 Reasons to Make Starting a Family Business Your New Year's Resolution

Families that have overcome the challenges of building a business together share a special bond.
Daphne Mallory
Is There Such a Thing as 'Work Life' and 'Personal Life'?
GoldieBlox

Is There Such a Thing as 'Work Life' and 'Personal Life'?

When Debbie Sterling founded GoldieBlox, her first employees were her husband, her sister and best friend.
Catherine Clifford
50 Signs You Are Married to an Entrepreneur
Family

50 Signs You Are Married to an Entrepreneur

Sometimes there's money, sometimes not so much, but there is always a plan and a lot to do.
Kristy Rampton
Teaching Responsibility to Our Kids, Even When They Work for Us
Family Businesses

Teaching Responsibility to Our Kids, Even When They Work for Us

The Korean Air Lines fiasco shows that family businesses have their own challenges and offers lessons in personal responsibility.
Ray Hennessey
Mensch on a Bench: How This Toy Went from Kickstarter to 'Shark Tank' in Two Years
Shark Tank

Mensch on a Bench: How This Toy Went from Kickstarter to 'Shark Tank' in Two Years

Inspired by his son's 'elf envy,' the Mensch on a Bench creator Neal Hoffman is taking the toy landscape by storm – and is hoping to do the same with the 'sharks.'
Nina Zipkin
Why Two Brothers Left Their Careers to Build a Business Together
Family Businesses

Why Two Brothers Left Their Careers to Build a Business Together

Good careers alone were no match for the allure of working together.
Daphne Mallory
These Siblings Are Cooking Up America's First Meatless Butcher Shop
Innovation

These Siblings Are Cooking Up America's First Meatless Butcher Shop

No animals were harmed in the making of Aubry and Kale Walch's smash-hit butcher biz.
Kim Lachance Shandrow
How Longchamp Turned the Basic Nylon Tote Into a Full-Blown Luxury Icon
Fashion

How Longchamp Turned the Basic Nylon Tote Into a Full-Blown Luxury Icon

When the French luxury house introduced its Le Pliage bag 20 years ago, it was met with very little fanfare. Three years later and with virtually no marketing, it became a hit. Today, the company sells 10 a minute.
Geoff Weiss
How This Mom Got the Kids to Buckle Up While She Launched Their Family Business
Family Businesses

How This Mom Got the Kids to Buckle Up While She Launched Their Family Business

The frustration of fastening the seat belts of three youngsters in the back seat inspired an invention. Now the kids are part of the business.
Daphne Mallory