Family businesses have long been considered the backbone of the economy. Many of the most respected businesses are family-owned. Trying to balance family and business can produce added tensions for each family member. There are benefits and pitfalls of running a family business. Family businesses require a unique management style. Each member wants to feel […]
Tips in Managing a Family Business
Family-run and owned businesses can have their rewards but come with their own obstacles, too. It can be difficult to separate business problems from family members’ concerns. Part of your job as the head of the business is to be able to balance this out. This can be a difficult task, but it can be […]