Building a Business
How to Balance the Personal and Professional When Running a Family Business
Running a family business comes with many benefits, but it presents several unique challenges as well. Here's what you need to consider.
Managing a Family Business
Building 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.
By Nellie Akalp
Thought Leaders
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.
By Shawn Cole
Thought Leaders
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.
By Daniel Scott
Building a Business
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.
Buying a Franchise
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.
By Jon Marcus
Thought Leaders
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.
By James Mayo
Thought Leaders
Family Business Is a Blood Sport. Here’s How to Avoid the Pitfalls.
Clarity, autonomy, empowerment and trust are critical to success.
By Yuri Kruman
Thought Leaders
The Last Days of Summer? The Perfect Time to Celebrate ‘Family’ Businesses.
Say thanks when you eat that cheeseburger or watch those fireworks this Labor Day. Either may come from one of our nation's dynastic brands.
By Carrie Hall
Building a Business
25 Reasons Why Hiring Your Relatives Is an Even Worse Idea Than You Suspected
Put family on your payroll and you'll never have to worry about leaving your comfort zone again.
By John Rampton
Thought Leaders
Sorry Bro, You’re Out: How to Fire a Family Member Without Destroying the Family — and the Business
While you should never have to fire a family member, here are five steps to make it go as smoothly as possible.
Building a Business
The Science Behind Working With Your Spouse
Neither marriage nor entrepreneurship nor combining the two is easy, but it often works out quite well.
By John Rampton
Thought Leaders
4 Not-So-Obvious Things to Consider Before Starting a Business With Your Spouse
Both business partnerships and marriages fail at alarming rates. There's no telling how combining the two will change the odds of either succeeding.
Building a Business
It’s National Siblings Day! Brother-Entrepreneurs Tell How They Make It Work.
When your brother is your business partner, what do you do? Six tips for success.
Thought Leaders
5 Ways ‘Dadpreneurs’ Can Balance Home and Work
Your family and your business both need time and attention. Here's how to develop a plan that supports your goals at home and in your career.
By Kc Agu
Building a Business
3 Tips for a Millennial Manager Leading an Older Generation
I'm 30 years younger than my average employee. We all get along just fine.
Buying a Franchise
How This Second-Generation Franchisee Is Doing Things Her Way
Alex Chambers began her UPS career working in her father's store, but now she's in charge.
By Carly Okyle
Building a Business
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.
Entrepreneurs
‘I Launched a Startup With My Mom. I’m Glad I Did.’
Mixing family and business is a competitive advantage, says this son of his co-founder/mom.
Building a Business
How to Ensure Your Business Survives the Next Generation
Beware these common mistakes made when passing down a family business.
By Lisa Evans
Thought Leaders
The Family Values Behind the Business of Hardcore Pawn
The popular reality show has altered public perception of the pawn business.
Entrepreneurs
5 Reasons Why ‘Family’ and ‘Business’ Do Mix
Anyone who tells you any differently is just plain wrong, says this business co-owner who's worked alongside family for years.
Thought Leaders
This Family Business Is Literally Influential
A husband-wife team has built a business matching marketers with just the right influencers.
Building a Business
This Family Business Innovates to Grow From Generation to Generation
What was a family store has blossomed into a booming online family store.
Thought Leaders
This Third-Generation Family Business Thrives on Service
The owners of a small California trucking company are big players in their industry and service to their community.
Building a Business
This Boutique Father-Son Investment Firm Thrives By Ignoring Conventional Wisdom
Diversification is considered the safe way to invest billions but Marty Sass has built his firm, and taught his son, differently.
Thought Leaders
Timeless Lessons From a Fourth-Generation Family Business
For 75 years business has provided the Cassim family stability and well being despite the seismic upheavals that shook South Africa.