Family Businesses: Page 2

Leadership

Running a Family Business Means You Need to Prepare Your Kids to Take Over — Here's How to Do It Right.

Planning to pass on your business to your kids? Preparing them for the next phase of your business is a complex and multifaceted process — so here's what you need to do.

Entrepreneurs

Family Office And New Investments: What Does The Future Look Like?

India is a land dominated by family businesses, but how can family businesses be run as business families?

Growth Strategies

What It Takes To Be The Next Generation Of Family Enterprise Leader

In any family business, with the next generation begins to take the reins, a fresh flow of ideas and innovation is bound to take place.

Growing a Business

The Pros and Cons of Hiring Family Members in a Small Business

While conventional wisdom discourages small business owners from hiring members of the same family, there are actually smart and strategic reasons to do so — but there are still drawbacks to consider. Here's what you should know about hiring employees who are family members.

Growth Strategies

Building A Lasting Legacy: Why Heritage Wealth Planning Is Imperative For The Middle East

Each family needs to establish common values and consult wealth advisors together with heirs to prevent future misunderstandings, and thereby realize a smoother generational wealth transfer.

Growing a Business

Why Businesses Need to Diversify Everything Right Now

Diversification, when done correctly, can grant a business a certain relief when it comes to withstanding crises and global financial and professional turmoil. As tough as diversifying may be, every leader who is averting their eyes off it is exposing their team and business to risks, especially with the global market changing rapidly.

Growing a Business

How Home-Packed Lunches Became a Thriving Business

In this episode, "Mexican Mom" Gina Antimo and her husband Jaime Reverté share how they foster a welcoming, family-like environment in their restaurant through customer service and authentic food.

Leadership

How to Sustain a Family Business Across Generations

It can be tempting to assume the next generation is ready to take over your company and allow you to enjoy your twilight years, but you must ensure they have time to develop skills and realize their identity.

Leadership

A 4th-Generation CEO Reveals How to Avoid 'Succession''s All-Too-Real Dysfunction in Your Own Business — Family-Run or Not

Julie Charlestein, CEO of Premier Dental Products Company, shares four essential tips for a successful leadership switch-up.

Growth Strategies

What Family Businesses Need To Know About The New Legal Framework Governing Their Operations In The UAE

Only around 10 to 15% of family businesses in the UAE make it to the third generation.

Growth Strategies

For Family Businesses In The Middle East, Formalized Governance Can Help Create Lasting Legacies

Families with a clear long-term strategy in place fared better than those without, and the need for a formalized family governance is more evident than ever.

Leadership

I Advise the Real-Life 'Logan Roys' of the World. Here's Where the 'Succession' CEO Went Wrong.

Based on my experience working with and counseling the real-life Logan Roys of the world, here are five lessons the Roy family could benefit from learning.

Starting a Business

The Benefits of Starting a Family Business — and How to Do It Successfully

The case for starting a family business and suggestions on how to mix the two for the best possible outcome.

Leadership

5 Reasons Your Children Should Not Inherit Your Business

There are a number of very good reasons why your children should not inherit your business.

Leadership

A 400-Year-Old Family Business Remains the 'Gold Standard' in Its Category — Its First Women Leaders Reveal the Secret

Executive chair and president Craigie Zildjian became the company's first woman leader in 1990. Today, she's preparing her niece Cady to uphold the legacy.