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The premier resource for family business executives featuring the latest family business news and research articles from the leading universities and business publications

Professionalizing the Family Business While Maintaining the Corporate Culture

As our family businesses grow it becomes increasingly more difficult to retain the small business advantages that made us successful and different from non-family firms. As we grow we need to begin involving more non-family employees in the planning and strategy of the business. We no longer can keep these plans “close to the vest”

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Real Issues

Entering the Family Business – Working Your Way Up or Landing in Management

“Hazing in the family business”

I’ll never forget my first day in our family business when I had completed my morning shift and took a break for lunch.  The warehouse manager asked me if my father was going to take me out for the customary steak lunch for all new hires.  I went upstairs, walked into my father’s office and told him I was ready to go for my steak lunch. He looked at me with a confused stare  (read more)