Family Articles For Entrepreneurs & Small Business Owners

Smart Strategies to Select a Successor for Your Family Business

Admit it or not, family-run businesses constitute the majority of the enterprise pie. Most of these businesses start small and has expanded dramatically over the years. Now the problem is, the heads of the companies, be it the patriarch or similar to that does not live forever. Sooner or later, they are bound to choose [...]

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6 Ways To Minimize the Impact of Divorce on Your Business

Family law attorney Jennifer A. Brandt, writes in Fox Business Small Business Center about how divorce affects not just the relationship of those involved but also the business, if one of the spouses is a business owner.  The emotional agitation a party to the divorce undergoes can have a negative impact on the business as [...]

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How to Start a Business While Raising a Family

Joe Cassara, a contributor of the Young Entrepreneur Council, is running a consulting practice.  He also creates startups and sells houses.  On top of this, he is also a husband and the father to three kids under 3 years old.  How then, does he manage his time between his family and jobs?  He wrote at [...]

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How to Balance Entrepreneurship and Parenthood

Inc.com shares with its readers the advice of successful young entrepreneurs on how to handle growing children and a growing business.  Erin Blaskie says you have to be flexible despite having a schedule for small crises, especially with children, that may crop up.  Aron Schoenfeld says you should know your priorities.  A supportive family means [...]

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Work-at-Home Moms Are Productive Moms

Yes, moms do a marvelous job whether they’re in the office or at home. In fact,  they can do a great job doing office work while working from home. It all comes down to biology: women are built to multitask. Whatever the job, there’s a mom at home able and willing to do the job. [...]

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Balance Home Based Business And Family

Having a home based business is a wonderful way to be available to a family while still earning a living. Balancing Business Balancing the business with family schedules and commitments can be quite a challenge. A productive way to balance both is to set and keep regular working hours. Making sure the family knows that [...]

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Why Family Businesses Fail

Many small businesses are family-owned or –controlled.  Nevertheless, most family businesses struggle and about only a quarter survive.  The Globe and Mail lists why most family businesses fail.  Writer Leah Golob decries the lack of professionals – lawyers, accountants, financial planners, etc. – who have thorough understanding of the intricacies of family businesses.  These usually [...]

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Chick-fil-A Controversy Attracts Mixed Reactions

Chick-fil-A is in the middle of a controversy brought by its Chief Operating Officer Dan Cathy’s support of traditional marriage.  His stand goes with the restaurant’s Christian worldview.  Gay supporters took Chick-fil-A to task for Cathy’s remarks in The Biblical Recorder.  They advocated boycotting the chain, while several politicians rode on the issue by announcing [...]

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How To Run Family Businesses

Working with family may be a necessary move for most small businesses.  It could also be very challenging especially when non-family employees resent their favored status.  How then should you deal with family members in a business?  The Globe and Mail quotes Peter Jaskiewicz, who teaches a course on advising family enterprise at the University [...]

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Chick-fil-A Boasts Of Its Family Environment

Chick-fil-A has about 1,600 restaurants in the U.S. Although some fast foods experienced slump in recent years, Chick-fil-A showed continuous growth. In 2011, it posted $4 billion sales. The chain focuses on family and community. “With the shift in the economy, some of the people who were going to sit-down restaurants with their families came [...]

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An Entrepreneur’s Guide to Get Family Support

In an article that appeared at YoungEntrepreneur.com, Adam Toren enumerated ten ways to win over the support of your family should you try your hand at entrepreneurship. He notes that most families find going into business a riskier endeavor than being an employee and receive regular paychecks. Explain to them your plans by showing them [...]

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4 Tips for Balancing your Business and Family Life

Anyone who has ever owned a small business will tell you that it’s a constant uphill struggle. While many people who quit their day jobs to start their own company do so to have some free time, the reality is that, despite not having a nine to five job anymore, you will likely end up [...]

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Arby’s Pledges $3M to “No Kid Hungry” This Year

The non-profit Arby’s Foundation is the first national fast food restaurant that teamed up with the “No Kid Hungry” campaign of Share Our Strength.  Arby’s restaurant launched its “Share Your Good Mood” campaign to raise funds which coincided with the launching of its healthier kid’s meals – Jr. Turkey and Cheese Sandwich and Kraft Macaroni [...]

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How to Ask for Startup Money from Family and Friends

It is difficult to get a business loan to start a small business.  Family and friends are typically the initial sources of funds for most entrepreneurs.  But as an entrepreneur, how will you get financing while preserving the relationships with these people who are close to you?  Entrepreneur.com shares some tips on how to ask for [...]

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Digital Bytes – The Challenge of Balancing Real, Virtual Worlds

“The show has been prerecorded to give the cast a chance to get away.” — The Announcer, Rowan & Martin’s Laugh-In, NBC (1967) Maybe that “scientific” scare that cellphones (and associated technology) would affect our brains is true. Our daughter gets up in the morning and immediately checks Facebook. The son rolls out and checks [...]

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Housewide Storage – Better Safe Than Sorry But …

“A friend of mine tried one their “special offers”, nearly got himself lobotomized.” – Harry (Total Recall, 1990 – Tristar Pictures) Another Trip to the Store – The more digital content that’s out there, the more devices the family has, the more storage that is required.  You can never have too much storage, but buying [...]

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The Up-Comers – The 3rd Billion Will Influence All the Rest

“Life as a priestess to the virgin goddess Hestia isn’t all that hard, the most important rule is to know who you are.” – Leah (Xena Warrior Princess, TV Series) Thanks to the one billion (each) consumers in China and India, the world economy is bouncing back. Good, but … We tend to overlook the [...]

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Game Demographics

She’s Young, She’s Practiced, She’s Good, She’s Not Alone “Listen, you moron! I am here to stay and if you don’t wanna’ be in my life, you’ve got two choices. Move out or Ring out! That’s it! End of File!” – Lt. Jordan O’Neill (Demi Moore), G.I. Jane (1997), Caravan Pictures When we were growing [...]

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Selling Your Business To Family – Tips And Considerations

Keeping Things In the Family After toiling for years to build a successful business, you are proud of your accomplishments but ready to take some time off, or perhaps retire altogether.  Because you have so much invested in your company – both financially and emotionally – you hate the idea of seeing strangers behind the [...]

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Planning Helps the Heart Grow Fonder

The world’s oldest form of business partnership is alive and well. In fact it is thriving and growing. It is the business partnership of two people who live together; they are called copreneurs. Copreneurs make a powerful business team. Their special relationship brings a unique synergy to their company. They also face unique pitfalls. It [...]

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