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Family Business

How To Work With Your Spouse (And Not Have It Lead To Divorce!)

Linda Lightman | Posted 11.18.2015 | Business
Linda Lightman

When I said "I do" twenty six years ago to the love of my life, Fred Lightman, I didn't know I would also be saying "yes" to a business partner too. For me, the idea of working with someone I trust implicitly was an easy decision, however, being in love and working with your love, is a little more complicated.

7 Reasons to Plan for Succession in Your Family Business Today

Shuly Oletzky | Posted 10.05.2015 | Business
Shuly Oletzky

Creating a succession plan makes the future of your business and your intentions clear to everyone involved. Understanding intentions seems simple and of little impact, but the importance of knowing what the current president or CEO wants cannot be stressed enough.

Profit Sharing: Labor's New Opportunity

Joseph Blasi | Posted 09.06.2015 | Business
Joseph Blasi

The stand-out national problem we have today is that in recent decades, profit sharing examples in industry have declined and fallen out of media attention. Profit sharing was commonplace in the first half of the 20th century, but several decades of strong post-World War II growth persuaded many American managers that regular wage and benefit increases could effectively share the wealth with the workforces.

Telecom Engineer Becomes Biodegradable Shoe Designer

Sandy Abrams | Posted 08.28.2015 | Business
Sandy Abrams

In the very back of one of the halls of the fashion trade show called MAGIC, I came across an entrepreneur in the footwear section whose enthusiasm made me stop in my tracks. He couldn't have been more happy to share information on how his shoe line was completely different from all of the other exhibitors.

Hurricane Katrina 10 Year Anniversary: 2 New Orleans Family Business Updates

Sandy Abrams | Posted 08.28.2015 | Business
Sandy Abrams

"Our story is just one. Add those of a hundred people I know and then multiply that by ten thousand and you will be getting close to getting the picture of the more than a million people with dramatic stories from this massive disaster."

How One Family Business Strengthened Its 'Core' -- and Saw Profits Take Flight

Verne Harnish | Posted 08.26.2015 | Business
Verne Harnish

Successful athletes work every day to build a strong core. Family-run growth firms must do so, too -- only their core is their culture. Building a strong culture depends on articulating their core values in a meaningful way, so these principles don't end up as just a Boy Scout-like, generic list posted on a wall.

Brothers Start Thriving Phone Case Business During College

Nadine Cheung | Posted 07.30.2015 | Small Business

Aol's BeOn group creates custom editorial content that is sponsored by marketing partners. The sponsoring partners do not exert editorial influence ov...

The Dilemma of the Dead Waitress

Elaine Ambrose | Posted 07.28.2015 | Fifty
Elaine Ambrose

I have a true story about the restaurant that only a few people know. One summer night, an hour before closing, one of the waitresses sat in a booth and died.

5 Tips to Not Let Family Business Ruin Your Marriage

Daphne Mallory | Posted 07.20.2015 | Business
Daphne Mallory

Marriages are ripped apart by adultery, lies, poor communication, and sometimes, by business. If you're not proactive, building a family business can destroy your marriage.

Community Development Priorities for Your Family Business

Daphne Mallory | Posted 07.13.2015 | Business
Daphne Mallory

At your finger tips lies the power to create better communities. It's the gift inherent in building any solid family business. You have to decide what it is you want. What changes do you want to see?

Make Entrepreneurship Education Your Summer School

Daphne Mallory | Posted 06.05.2015 | Education
Daphne Mallory

Summertime is perfect for supplementing your children's education with entrepreneurship.

Managing Priorities in Your Family Business

Daphne Mallory | Posted 05.28.2015 | Business
Daphne Mallory

The payoff for running a family business is huge. You can transfer wealth for generations to come. It's a perfect vehicle for uplifting others out of poverty. You become the change agent in your community and can make a difference in the lives of many.

Power Mom Building an Empire: Nascar Team Owner Melissa Lebron

Lucinda Cross | Posted 05.12.2015 | Women
Lucinda Cross

Motherhood is a full-time job, and this mom is clearly working overtime to build her family empire. I had the honor of interviewing Nascar team owner Melissa Lebron. Melissa Harville-Lebron is the first African American NASCAR woman team owner.

Are You Smart? Q&A With Author Harvey Deutschendorf

Daphne Mallory | Posted 05.04.2015 | Business
Daphne Mallory

Entrepreneurs and family business owners are taught to focus their time and attention on business and technical skills to succeed. What's missing are the skills necessary to develop emotional intelligence.

Why I'm a Gold Digger, and You Should Be Too

Daphne Mallory | Posted 06.25.2015 | Business
Daphne Mallory

Men, women and teens are not waiting at home, in an office, or in a place of business, waiting for gold to come to them. They go out and look for it.

8 Creative Ways to Collaborate and Grow Your Family Business

Daphne Mallory | Posted 06.19.2015 | Small Business
Daphne Mallory

Your success in family business depends on your ability to connect and collaborate with others. You'll generate more revenue and make a bigger impact in the world through collaboration. Learn how to create your competitive advantage and grow your family business.

Imerman Cakes

Kristin Meekhof | Posted 06.17.2015 | Small Business
Kristin Meekhof

Before starting the Imerman Cake company, Jeffrey Imerman, 41, was practicing law in New York. He enjoyed the work, especially collaborating with colleagues, and earned a decent living. However, at the end of the day, he was ready for a career change.

Developing Emotional Intelligence to Grow Your Family Business

Daphne Mallory | Posted 06.08.2015 | Business
Daphne Mallory

Emotional intelligence (EQ) is our ability and capacity to manage emotions well in ourselves and in our relationships. What does this have to do with running a family business? Everything.

Wisdom From a Veteran Advisor in Family Business

Daphne Mallory | Posted 05.30.2015 | Small Business
Daphne Mallory

Don Schwerzler has been studying and advising family business entrepreneurs since 1967. He is the founder of the Family Business Institute, based in Atlanta, Georgia, and organized one of the first college programs to help entrepreneurs who were interested in staring a family business.

20 Reasons to Start a Family Business

Daphne Mallory | Posted 05.25.2015 | Business
Daphne Mallory

The best way to build wealth and leave a legacy is to grow a family business. Think of all of the family businesses whose products, services, and generosity you benefit from on a daily basis.

Who You Must Become to Be Successful in Family Business

Daphne Mallory | Posted 05.16.2015 | Business
Daphne Mallory

I study and interview highly successful entrepreneurs and family business owners. The secret to their success is not in the business building itself. It's understanding and remaining true to who they are, and saying to no false identities.

How My Kindergarten Teacher Inspired the Name of Our Family Business

Jessica Katz | Posted 05.03.2015 | Small Business
Jessica Katz

I was sitting on my bed, struggling to keep my eyes open as the sun began to light up the corners of my room. Both of my parents sat down on my mattress and gently broke the news to me. We were surrounded by petal pink walls and dollhouses, but the softness of the room couldn't contain my shock.

What's It Like to Be Homeschooled?

Maureen Anderson | Posted 04.19.2015 | Small Business
Maureen Anderson

How was it possible a seven-year-old was running a cash register and holding down a side business in addition to those retail responsibilities? Why wasn't she in school? Indigo is in school.

Dare to Reimagine Your Life Upward, Onward and Inward

Genevieve Laplante | Posted 03.16.2015 | Business
Genevieve Laplante

After an amazing, heartfelt fireside chat by Arianna Huffington at the Dreamforce conference, I decided to finally take the time to reflect and express who I am from within instead of using my driven go getter character.

What Your Children Already Taught You About Sales

Sajeel Qureshi | Posted 02.21.2015 | Small Business
Sajeel Qureshi

Good sales people don't have all the answers to customer's problems, but they do everything they can to find them. They don't win your trust and throw you over to an account manager after meeting quota on your dime.