Family Businesses

News and Articles About Family Businesses

How to Manage Your Own Kids as Summer Employees
Managing Employees

How to Manage Your Own Kids as Summer Employees

Hiring your own children can have a ton of advantages, provided you do it right.
Lisa Evans
Franchise Players: After Tragedy, a Son Takes Over as Franchisee
Franchise Players

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.
Kate Taylor
Market Basket's Family Feud Risks a Loss of Its Loyal Following
Family Businesses

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.
Peter S. Cohan
How a Family-Owned Firm Can Beat the Odds and Pivot
Family Businesses

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

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

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.
Sandi Krakowski
How to Successfully Exit Your Family Business and Pivot for the Internet Age
Family Businesses

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.
Will Housh

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.
David Koji
How to Run a Family Business Without Killing Each Other
Family Businesses

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).
Sam Prochazka
7 Lessons in Harmony for Family Startups
Family Businesses

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

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.
Kate Taylor
100-Year-Old Jolly Time Pop Corn Offers Kernels of Wisdom
Forward thinkers

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.
Kelly K. Spors
Franchise Players: A Young Franchisee Brings Family's Lessons to Forever Yogurt
Franchise Players

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.
Kate Taylor
9 Essentials for Any Family Business to Thrive
Family Businesses

9 Essentials for Any Family Business to Thrive

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

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.
Kate Taylor