Is your business a family business? When most people hear that phrase they think in terms of some formal and regular involvement of family members in defined business activities with some payment for such activity. Yet in the broadest sense, family businesses cover a much broader involvement of family members. The work might include the…
Earlier this year, I did a blog post on the importance of “Family Businesses in the Economy.” Most of us patronize these businesses, but probably don’t think much about them. Who are the owners? What types of businesses do they run? How successful are they? Prior to retirement, I was part of a group of…
Did you know that: You will find a family business in one out of every 10 households. Family businesses contributed over $10 trillion, by one estimate, into our U.S. economy. Family businesses generate over 50% of U. S. business revenue. Family businesses employ over 50% of the U.S. workforce. Do you get a sense of…
You will find a family business in one out of every 10 households. Family businesses contributed over $10 trillion, by one estimate, into our U.S. economy. Family businesses generate over 50% of U. S. business revenue. Family businesses employ over 50% of the U.S. workforce. Do you get a sense of my topic this week?…
Co-preneurs, or couples in business together, get very little attention in the study of business ownership. This lack of attention largely comes from the myth that they are small in number and the businesses they run are small in size. The reality, though, finds that co-preneurs are a substantial part of the business community. Research…
Whether you have been in business for years or are just starting out, whether you are a product or service business or whether you are home-based or on Main Street, you all have one thing in common: Your family and small business are closely linked. Any action you take in one easily can affect the other….
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