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family owned business since Tagged Articles
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High Demand Business Opportunities--Home Inspection Franchises
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| In a rocky housing market, you may think that anything having to do with homes would be a bad decision right not. The home inspection market, however, is blossoming in this less-than-ideal market due to the fact that when there is less demand for a home, buyers can take their time in the purchase process, and will therefore order 2 or 3 times as many inspections as they would in a cut-throat seller's market. Here are a few great franchise opportunities in the world of home inspection. |
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Other family owned business since Related Articles
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For Entrepreneurs And Small Business Owners: How To Avoid Six Big Business Expansion Mistakes
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| The number of entrepreneurs, family owned businesses and small business enterprises are growing in both Canada and the United States. This article gives you six funding and growth mistakes to avoid whether you are building, selling or passing ownership to the next generation. |
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Decisions based on emotion = BAD for business
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| In recent years, there has been a rise in discussion and research around what makes a good leader good. From those discussions, a new field of study and measurement has arisen,. It is called Emotional intelligence, or EQ. (Don't ask me why it isn't EI, but it's not.) In simple terms, EQ is the ability to know and control your emotions, and the ability to recognize and empathize with the emotions of others. For the expertrs in this field, please, don't get your feathers ruffled. Defining EQ is not the point. The point is, emotion does NOT belong in business, and often leads to really bad decisions. Emotion seems to play the biggest role in family owned business where family members are either co-owners or employees. This article talks about how to handle these situations, whether you are on the verge of wading into one, or already there. |
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Overcoming Obstacles in a Family Owned Business (Pros and Cons)
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| Problems and rewards for running a family owned business. A family owned business can be a huge success and can be a wonderful experience for all involved. It is important to consider the obstacles that could arise and determine how you will overcome these obstacles before they occur. |
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Recession-Proof Lessons of Succession
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| This article is based on the author’s experience in partnering with a Level 5 CEO who was orchestrating his own succession. This leadership transition represented the first at this level since the 153-year-old company became an employee owned business in a buyout from the last family owner. The company became employee-owned after 140 years of family ownership, growing more than 10 times in 10 years following the transfer of ownership. They have sustained more than 10 years of consecutive profitability as a privately held organization. Today, they generate revenue of more than $1.5 billion with over 2,500 employees of whom more than 300 are stockholders. |
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Prior Business Experience Can Be Helpful When Starting a Small Business
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| We recently worked with a client who wanted to open a new restaurant. After several discussions, we learned that not only had she owned one restaurant but she had owned several restaurants in the past and had sold her last one in the late 90's. Would she still be considered a start up business? Maybe, because it had been quite some time since she last owned a restaurant but her prior Business Experience would help her significantly when applying for Small Business Financing, especially in today's tough economy. |
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Family Businesses Face Unique Challenges: What Makes Them Different?
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| In matters of cash flow and marketing, a family-owned or closely-held business is the same as any other small business. But family-owned and closely held businesses also they have significant differences, especially when it comes time to talk about retirement, resale, or transitioning the business to the next generation. Here were some key points noted by the Family Business Institute on what makes family-owned businesses different: |
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MomPreneurs: Resources Available for Women-Owned Businesses
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| The National Women's Business Council, which advises the Small Business Administration, estimates that in 2008 there were 7.2 million majority-owned, privately-held, women-owned businesses in the United States, employing 7.3 million people and generating $1.1 trillion in sales. Here are some organizations and resources that help women-owned businesses succeed. |
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The Gift Of Receiving
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| Every family has one. That one person who shoulders all the family burdens, keeps the family secrets and cleans up the family messes. The one who is everyone’s sounding board and shoulder to cry on. The one who remembers all the holidays, birthdays and anniversaries. The one around whom the family always gathers.
In my family, it’s my grandma. She has been the rock in my family for as long as anyone can remember. |
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Colonel Harland Sanders
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| Mazon Associates, Inc.'s featured entrepreneur of the month for July 2010's Building Bridges newsletter. Mazon is a family-owned factoring business in Irving, Texas (DFW Metroplex), which has been in business for over 30 years assisting businesses to finance their new and existing businesses by daily funding of our clients' business-to-business invoices. |
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Entrepreneurs Education: Fast and Smart
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| Did you know that over 80% if all companies are privately held or family owned? Bet that means YOU!
And did you know that almost 100% of the business growth in these times will be with companies having fewer than 200 employees.
And the BIG question: did you know that unresolved workplace conflict is responsible for over 65% of all voluntary terminations in workplaces regardless of size? |
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