Development and Promotion Few sizable family businesses can be adequately run without reliance on non-family professionals. Outsiders bring fresh ideas and specialized expertise, so make it plain to family employees…
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Conditions for Hiring and Firing Don’t let family members get the idea that they can sit back and be recruited for cushy jobs. Family members should submit to the same…
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Purpose of the Employment Policy The purpose of a family employment policy is to set out the procedures, process, and criteria that will govern how members of the family enter…
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I can hardly count the number of times I have been called in to help a family business encumbered with family member employees whose only qualification for the job is…
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Given the fascination – and headlines – devoted to family shenanigans at companies like Adelphia, Imclone, and Martha Stewart Inc., it is no wonder that myths of family business continue…
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Bad times for most enterprises equals good times for those catering to the stressed, the depressed and the anxious. As measured by the marked increase in calls to mental…
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The world's oldest continuously operating family business ended its impressive run last year. Japanese temple builder Kongo Gumi, in operation under the founders' descendants since 578, succumbed to excess debt…
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Chances are good that a long-lived family business will eventually be led by a sibling team. Despite sharing common values, siblings face real obstacles when cast in the top leadership…
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Forget for a moment the dismal statistics about family business survival. Consider the hundreds of family businesses that have persevered, not just for a generation, but for centuries. You may…
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Most articles and books written about family businesses have focused on the various thorny problems and emotional entanglements that come from working with family members. Less focus has been placed…
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