Is succession the only hurdle your family business faces? While it’s a critical issue, advisors know there’s more to the story. This article explores three underlying challenges that can make…
Whoever first said “it takes money to make money” said a mouthful. When a business tries to operate without adequate capital, it’s like a bird trying to fly without wings….
“All happy families are alike; each unhappy family is unhappy in its own way.” That’s how novelist Leo Tolstoy began “Anna Karenina.” If he had been writing about family business,…
The Global Family Business Index, compiled by the University of St. Gallen, Switzerland, in cooperation with the EY Global Family Business Center of Excellence, highlights the 500 largest family firms…
On June 23, the Francis family, city officials and regular customers celebrated The Depot Café, recognizing it as the oldest family-owned business in Frisco, Texas. Dennis Francis, the restaurant’s owner,…
Some might think Marcia and Dean Harris are crazy for starting a family business over the age of 50, but their successful furniture store, the Itsy Bitsy Ritzy Shop (IBRshop),…
Known simply as Sir Y.K., Pao Yue-kong was richer and more politically engaged than almost any businessmen in his time. Acclaimed as “the king of the sea” and the “Onassis…
There remains a high level of uncertainly about how the Affordable Care Act will ultimately affect family-owned companies across the country. In particular, small family business owners are waiting to…