There’s much ado about millennials these days. For some they’re nothing more than a generation of selfie-obsessed, video-gaming freeloaders who are absorbed with the idea that work gets in the…
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Eva Gabor’s “Green Acres” TV sitcom character, Lisa Douglas, may have had it right almost 50 years ago: “Farm living’s not the life for me.” Today, only 15% of the…
Operating a business can be stressful; and when that business is family owned, there can be heighten stress and conflict brought on by the intangibles. For example, I see a…
Years after working in his father’s shoe repair shop, George Vlagos has returned to his roots and is carrying on the family business with his own shoe-making business, Oak Street…
Car dealer Jim Estabrook has no immediate plans to retire. But 25 years ago, he started his plan to ensure his family would be financially secure after he passed away….
This past February, the third season of Duck Dynasty debuted with 8.6 million viewers, the most of any show in A&E’s 29-year history. Duck Dynasty, which is about the Robertson…
Bernard Arnault is a French business tycoon in control of LVMH, one of the largest luxury goods companies in the world, with control of over 60 luxury brands, including Louis…
Donald Trump is one of the most famous businessmen on the face of the planet. But even the Trump dynasty isn’t immune to the challenges that all family businesses face….
Children who are indulged in bloated salaries and do-nothing jobs aren’t being helped and will likely not be happier as a result. And these types of indulgences significantly hurt the business.
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 spot.