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BNET Business Dictionary
- Family Business
- a small or medium-sized business that is controlled and operated by members of a family. It may be organized as a sole proprietorship, partnership, corporation, or limited liability company.
- Family Business definition on BNET »
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- Should You Join the Family Business?
- The decision to join a family business can be difficult because once you're in, you're in for the long haul. You can leave IBM with two-weeks notice. But mixing blood and money means you are committing big time to Johnson's Distributors or Jones and Sons Auto Repair. ...
- Blog posts 2008-08-06
- Family Businesses Are Bright Spot in American Economy
- Article is about the family owned business, shows robust growth in American economy. It presents the facts deduced by the survey that a mean revenues from family- owned firms have grown to $36.5 million, up more than 50%. While most business and economic news over the last year has been...
- White papers 2003-02-20
- Sobey Family Business Flourishes
- Sooner or later, all family dynasties find themselves on a precipice- the one where they're perched between keeping absolute control and letting go. This article discusses a case about Sobey family and their business. The idea of the business, is partly "to create an I-belong feeling" among the 30-to-40 closest...
- White papers 2003-09-26
- Estate Planning for the Family Business: The Non-Linear Approach
- Before suggesting an integrated way to analyze family businesses, the term "family businesses" needs to be defined. This paper discusses that family businesses can be defined at the simplest level, as a pool of capital that happens to be influenced/controlled, owned, and/or managed by: one or more members of a...
- White papers 2001-11-10
- Relationships KEY to Family Business Success
- Perhaps the single most important element in the success or failure of a family business is the relationship among key members of the business family. Most businesses can survive the threats of competition, economic cycles, changes in technology, or other factors, but the deterioration of interpersonal relationships will devastate the...
- White papers 2003-01-01
- Five Critical ComponentsOf Family Business Success
- Article explains the five components required for the success of family business. It discusses the experts views that "All you need in life is ignorance and confidence, and then success is assured." But one needs much more to achieve and maintain a successful business. While family businesses fail due to...
- White papers 2003-01-01
- Advice to Copreneurs: Don't Avoid Conflict...Just Keep it Simple
- Conflict is a normal reaction to the changes and stresses of daily work and life. The goal for each couple in business together is not to eliminate conflict, but to learn techniques for solving and resolving it as it emerges in everyday experiences. Family businesses are fertile ground for complex...
- White papers 2003-01-01
- Will the Circle Be Unbroken? Issues Arising from Holding Family Businesses in Trust
- Family businesses are placed in trust for financial, tax or estate planning purposes, to ensure professional management of crucial family assets or to ensure continuing family control of the business. The benefits of each of these purposes for placing a family business in trust are well understood. In particular, control...
- White papers 2003-01-01
- Family Businesses at the Millennium: Understanding the Challenges of "Mom and Pop"
- Article overviews that family-owned businesses constitute a unique market for professional service providers, but for a host of reasons most service providers are ill-equipped to deal effectively with family firms. Increased competition for market share and intensified demands from a better-educated generation of successor owners are likely to challenge the...
- White papers 2003-01-01
- Financing Family Business: Alternatives to Selling Out or Going Public
- Family businesses, whether private or public, constitute a major segment of the American economic system. A conceptual framework, from a financial practitioner's perspective, is presented for simplifying the conflicting objectives of the business and its shareholders with respect to the fundamental issues of control, liquidity, and capital. The investment objectives...
- White papers 2003-01-01
- Making Peace between the Generations in Family Businesses
- http://www.genusresources.com/site/content/publications/articles/davidow_narva_peace.asp There are more than 200,000 American companies with annual revenues of at least $5 million or more. The vast majority is family controlled or family owned. Almost all of these families persevere without benefit of counsel on inter-generational family business issues. Instead of assuming that only an outside professional can...
- White papers 2003-01-01
- How Multi-Generational Family Firms Transfer Management Control Successfully
- Article concludes that the powerful and committed and often curmudgeonly and irascible individuals who dominate family businesses come in all ages, spring from all ethnic groups and races, and include both genders. But their ethnic, cultural and gender differences are less important than their common desire to have both healthy...
- White papers 2003-01-01
- Family Business: The Perils and Positives of Work and Family
- Doing business with family members has never been a neutral topic. Family businesses are a time-honored tradition. In contrast, many companies have formal policies against doing business with people you have outside ties with, just because of the many possible complications. Article provides a discussion of how to accentuate the...
- White papers 2003-01-01
- Competitiveness of Family Businesses: Distinguishing Family Orientation and Business Orientation
- The purpose of this study is to systematically examine the advantages and disadvantages of different types of family businesses. The paper distinguishes four different types of family businesses based on their family and business orientation: House of Business, Family Money Machine, Family Life Tradition, and Hobby Salon. The results indicate...
- White papers 2001-07-30
- Succession Planning For Family Businesses
- There can be many reasons behind the failure of a family business to make it from one generation to the next, including a lack of viability of the business itself or the reluctance of offspring to join the company. However, the most common reason is the failure of current management...
- White papers 2009-01-01
- Destroying Myths and Creating Value: The Hollis Experience in the Publix Family Business
- When one hears the phrase "family business", what thoughts or images come to his/her mind? Based on the stereotype of family business, one may have shared the thoughts of many—the image of the dying breed of mom and pop stores that make just enough to get by, do little to...
- White papers 2003-01-01
- Consultation for the Consultants: Clinical Supervision of Family Business Consultation
- The complexities and tensions of family business consultation induce subjective hazards in client assessment, as well as in the psychodynamic relationships of the consultants. Using an objective, outside consultant to monitor these processes has helped to convert these dangers into powerful opportunities for learning. Five years of such consultation is...
- White papers 2003-01-01
- A Multi-Level Family Business Choice Model: A Dichotomous Approach
- This paper develops a model to facilitate owners of family businesses in their decision-making. The model allows for priorities to be placed on family issues and business issues concurrently, in a dichotomous approach. The research is a complement to existing literature on family business interaction models and could provide a...
- White papers 2004-04-21
- Customer Relationship Management: A Comparative Analysis of Family and Nonfamily Business Practices
- It has been reported that family businesses perceive excellent customer service as critical to the future of their businesses. However, little research into the Customer Relationship Management CRM practices of family businesses has been performed. This paper examines CRM implementation among 82 family and 370 non family firms. Family and...
- White papers 2005-07-01
- Internationalization Via Strategic Alliances in Family Businesses
- This report indicates three important pre-requisites for family businesses that are seriously considering internationalization as an aid to growth: they need to have a market-leading product, adequate financial resources, and a suitable organizational structure. part from these preliminary conditions, the example of the family businesses studied here demonstrates that success...
- White papers 2004-01-01
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