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Women Leading Family Businesses

Family businesses are a crucial part of the global economy, accounting for over 60% of the world’s businesses and employing millions of people. In recent years, there has been growth in the number of women taking over and running family businesses. Women bring a unique set of skills and perspectives…

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Board of Directors and Family Business

Many family businesses are owned, managed, and operated by members of the same family. While this form of business ownership can offer many benefits to the owners, it can also bring unique challenges. This is where a board of directors and/or advisors can come in handy. Let’s explore the benefits…

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Succession of Top Leaders in a Family Business: What You Need to Know

Succession planning is a big part of running a family business. It is important to have an effective plan in place for when the current top leader steps down, so that the company can continue to run smoothly and successfully. However, succession planning is not just about managing the business—it…

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6 Advantages of Working for a Family-Owned Business

What are the biggest advantages to working for a family-owned business? Family-owned businesses are a vital part of the global economy, accounting for approximately 80% of all businesses worldwide. These businesses offer numerous advantages over other forms of business ownership, making them an attractive option for job seekers. In this…

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The Challenges of Tracking Family Business Impact on the Economy

Family businesses are a critical part of the global economy. Their impact has been an integral part of the global economy, providing a wide range of goods and services, creating jobs, and stimulating economic growth. They account for more than 80 percent of all businesses and generate over 50 percent…

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Family Business Executive Search

What do you think of when you think of a family business?  To some, the term family business may bring to mind a small hardware store, a moving service or a local restaurant.  Oftentimes you’ll spot these family businesses by name alone.  Names such as “Bowman Stove”, “Pete and Sons”,…

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Opportunities for Upward Mobility Are a Key Attractor

People do not like to be stagnant in their job.  They want appropriate challenges to keep them engaged.  They want growth opportunities to give them something to work towards and feel the reward of accomplishment. Employees with no opportunities for growth get bored and bored employees leave to find something…

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Compensation Packages – make one worth receiving

Compensation packages have changed a lot in the last few decades. Salary is just one element of that change.  Thinking in terms of the total compensation package is the first step to updating your approach to this subject.  What is now offered as monetary and non-monetary benefits covers a broad…

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Flexibility Looks Different Than It Did in the ‘80s

Flexible work options are a big deal – a really big deal – in attracting and retaining your employees. What flexibility looks like to your company may be very different from a company in a different industry or different size.  If you think there’s no way to offer flexible options,…

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