If you own or take over a family business soon, you’ll likely want to make your mark for your generation. No matter which industry you work or operate in—in today’s competitive landscape, advice from those with experience and expertise is critical.  So, instead...

As your family or start-up business builds its foundation, leading it can be a cumbersome task, especially if this is your first time starting a business or if you’re attempting to live up to relatives' expectations.  While boards of directors are formal entities...

As you grow your business, there should always be one goal in mind; maximizing its value or wealth for total financial stability. To do so, it’s best to strategically plan each step of your business operations. For family businesses, this can often be complicated by...

If you’re a part of a family business, it’s crucial to have a succession plan in place. Now, if you’re unfamiliar with the term and didn’t watch the popular HBO show with the same name, this is the guide for you!  Here, we’ll explore the definition of succession...

It should come as no surprise that family businesses can be more difficult to manage and scale when combining loved ones and business. It’s easy for family members to become relaxed about their duties, allow their personal feelings to affect professionalism, or point...

In any process or business, efficiency and effectiveness is key. Not only for reaching goals, but for staying within budget and time constraints while doing so. So if you have a family owned or small business that is struggling with productivity, how can efficiency...

Only 30% of family businesses last into the second generation, according to the Family Business Institute. For first family business owner generations, this stat should raise the alarms. Especially when looking at the current leadership of your operation.  If...

In business, it’s not enough to have a leader. It’s necessary to support and align that leader (or set of leaders) with the company’s overall vision for maximum success. That means developing a strong leadership strategy and putting the pieces in place to implement,...

Getting started on the right foot is a classic cliche for good reason. A strong start, or sound foundation is even more crucial for startups. Especially in today’s tumultuous market and economic climate. That means, developing robust startup strategies should be a...

Creating your own startup business can be a remarkably rewarding adventure - and certainly a profitable one, if you play your cards right. Yet, according to data from the U.S. Bureau of Labor Statistics, roughly 20% of new businesses fail within their first year....