Family Businesses

News and Articles About Family Businesses

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
Leadership

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
Presented by
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
Delivered by
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
The Frequently Fatal Family Business Flaw: Denial
Family Businesses

The Frequently Fatal Family Business Flaw: Denial

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

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.
Kate Taylor
How My Family Helped Me Build a 'Power' Research Firm
Growth Strategies

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.
J.D. Power III
Monster or Mastermind? 3 Business Takeaways from Wall Street's 'Wolf'
Growth Strategies

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.
Geoff Weiss
Veterans: 3 Ways to Minimize the Risks of Buying a Franchise
Franchises

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.
Joel Libava
3 Types of Franchises That Make Great Family Businesses
Franchises

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.
Joel Libava