Category: Business is Business

Do and Dont’s: Preparing Kids to Take Over the Family Business

Originally appeared on MichiganMomLiving.com:  Do and Dont’s: Preparing Kids to Take Over the Family Business Too many family-owned business leaders put more energy into passing on wealth without passing on the secret sauce – the […]

Why only 12 percent of Family Owned Businesses Make it to a 3rd Generation

Research at the Family Business Institute states that only 12 percent of family owned businesses make it to a third generation.

The first thing to remember when working with family

When family members come into a business, they need to be able to add value to it—and the business needs to add value to their lives.