Managing a Family Business

Business News

Is Your Family Business Giving Women the Short End of the Stick? Here's How to Recognize and Combat Discrimination.

The last place women might expect to experience discrimination is within their family business. But research shows it's a significant problem. Here's how to recognize and combat it in your business.

Business News

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.

Business News

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.

Business News

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.

Business News

Business Lessons From the Family That's the 'Cake Boss' Empire

The hit show is just the frosted tip of what Carlo's Bakery has grown to be.

Business News

The Do's and Don'ts of Involving Family in Your Business

Adding family to your business plan may seem like a no-brainer, but it can often lead to poor decisions and conflicts. Follow this guide for involving family in your business.

Business News

How to Keep Workplace Relationships Drama-Free: Advice from Family-Run Franchises

The personal and professional are never entirely separate. But learning how to balance the two can make for a lasting, successful business. Ask the folks who run businesses with the people they know best.

Business News

7 Best Practices to Running a Healthy Family Business

While working with family can be rewarding for many reasons, it can also be hard to separate personal from professional lives. Here are a few key best practices and skills that will help you maintain a neutral work environment and avoid familial conflict.

Business News

Family Business Is a Blood Sport. Here's How to Avoid the Pitfalls.

Clarity, autonomy, empowerment and trust are critical to success.

Entrepreneurs

Why Family-Owned Businesses Need Specialized CFO Services

In such strictly hierarchical family units, it is uncommon to see non-family employees in leadership or management roles such as CEO, COO or CFO

Growth Strategies

Transition in Family Business from Dad to Son

Right from strategic planning, budgeting to performance reviews and building teams have to be learnt

Business News

Free Webinar: Secrets to Running a Successful Family Business

Learn how to successfully navigate family business dynamics and build businesses that excel.

Growth Strategies

Indian Family Businesses Thrive, Managing Challenges Well

Very visibly the transitioning is seen in structure, processes and systems with many firms becoming globally competitive too

Entrepreneurs

Weaving India's Traditional Sarees Since 1911

In 1980, Nalli became the first textile retailer to use barcodes and computerized billing systems. This revolutionary move paved way for ease of doing business and for serving the customers better

Growth Strategies

Who says Industrial Components Industry is Tough to Manage?

Rama Kirloskar's expertise in driving the go-to-market strategy, product value management and restructuring for the mass production business; material grade rationalization and streamlining for the foundry business and product rationalization for the made-to-order business makes her stand out of the crowd