"If you want to lead, I would pay close attention to Dick's model...and if you are lucky enough to work for someone like this, you just won the lottery!" -- Brad Anderson In honor of Dick Schulze's
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Best Buy Founder Dick Schulze built his empire through hard work, calculated risk, and a commitment to high standards of integrity and fairness. In his book “Becoming the Best,” he outlines
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The end of the year is typically a time to for EIX and familybusiness.org to showcase their best-read articles from the past year in several broad themes: evaluating opportunities, financing,
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“When owners start talking about their rights rather than their responsibilities, a family business is in trouble“. (Smith Lanier) Introduction Management and organization research and
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These are turbulent times. Battered from the pandemic’s economic hardship, and following the murder of George Floyd in Minneapolis on May 25, 2020, citizens of all races, ages and other
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Entrepreneurs often face critical decisions for their firms in the midst of considerable uncertainty and great risk. Effective crisis management requires that decision makers make choices even when
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Working in a family firm can be either satisfying or stifling for someone who’s not a relative. Interpersonal relationships can be stronger than they would be in non-family firms, and the work
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As family business leaders are forced to deal with COVID-19, Winston Churchill’s advice comes to mind: “Never let a good crisis go to waste.” This suggests that as family firms
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The damage inflicted by COVID-19 on small businesses is unprecedented in our lifetime. It’s hard to think about anything other than the pandemic, but as Albert Einstein noted, “in the midst of
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On April 24, 2020 President Trump signed the second tranche of small business loans into law, providing $310 billion more for the Paycheck Protection Program (PPP) and $60 Billion for the Economic
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