The Rewards and Challenges of Working for a Family Business

Doug Baumoel’s Story Based on an interview and article with Cornell University’s Smith Family Business Initiative Working for your family’s business can be a very rewarding experience, especially if it functions well. When it doesn’t, the experience can be...

Why Hire a Family Business Consultant: What They Really Do

Are you trying to figure out if your family-owned business needs a family business consultant?  Family business consultants are uniquely able to help clients navigate through the complex issues that arise when family dynamics combine with management, ownership, and...

Nurturing the Next Generation in Family Business

Identify and Develop a Successful Entrepreneur What makes a leader entrepreneurial? Many family business leaders, especially founders of family business, are eager to find an equally entrepreneurial leader in their family to become their successor. The paradox is that...

Planning a Successful Career Path for Family Employees

Family Member Employment Strategies Family employees can be a double-edged sword for the family business. They often display profound commitment to the enterprise, but if their employment does not work out for one reason or another it can be enormously disruptive to...

Employee Reviews: A Challenge in Family-Owned Businesses

Cultivating Successful Family Business Leaders It has long been a tenet of successful businesses that regular and honest performance reviews are essential. However, in a family-owned business, employee reviews can be torture for both non-family and family employees...
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