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Understand Your Family Firm's Core Strengths and Weaknesses
It's been said that, “Once you have seen one family firm, you have seen just one family firm.” While it’s popular to say that every family firm is unique, as a researcher I take issue with the
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Category:
Applied and Practice
Author:
Thomas Zellweger
A 2020 Re-Boot for Your Business
It's worth noting that "2020" is also a metaphor for clear vision -- something that all family businesses want but often find elusive when day-to-day challenges interfere. As 2019 ends and the new
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Category:
Commentary
How to Grow Your Family Business
This article is part of America’s Entrepreneurs , a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Entrepreneur and Innovation Exchange .) Taking a
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Category:
Features
Author:
Kerry Hannon
Why You Should Name Your Business After Yourself
What's in a name? For many family-run businesses, the business name and family name are the same, linking the reputations of the two, for better or worse. New family business owners often grapple
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Category:
Applied and Practice
Author:
Sharon Belenzon
From Entitlement to Contribution
When a father, absent during the day, returns home at six, his children receive only his temperament, not his teaching. -- Robert Bly A client told me once that all a family member needed to come
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Category:
Commentary
Author:
Robert Caldwell
Thriving or Trapped in the Family Business?
For some individuals, working in a family business can be an incredible gift. For others, it's a prison without any chance of parole. For those who are feeling trapped in the family
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Category:
Commentary
Author:
Michael Klein
In 2003 Noam Wasserman introduced the term “Paradox of Success” to describe how software company founders were more likely to be replaced as their startups attracted more capital or went
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Category:
Theory and Research
'There's No Birthright' and Other Tips for Raising Entrepreneurial Leaders
Joe Brito, the third-generation head of C.B. Utility Co. in Bristol, Rhode Island, started his career in the family business as a laborer. He firmly believes that anybody entering their family
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Category:
Commentary
Author:
Kimberly Eddleston
How Family Business Leaders Can Encourage Both Devotion and Performance
Family businesses have unique strengths and unique problems because they blend two identities -- "family" and "business" -- whose priorities are often at odds. While the family identity nurtures
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Category:
Applied and Practice
According to Benjamin Franklin, life has only two certainties, death and taxes. It would appear, however, that the business world also has its own two certainties – the growth imperative and the
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Category:
Commentary
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