This post is contributed by Jason Dirkham.
Family-owned businesses are the bedrock of the American economy. According to Score, out of the 28 million small businesses in the country, 19% of them are family-owned. A family-owned business is one that is operated by two […]
I help a lot of family businesses navigate the challenges of running a company and being a happy functioning family at the same time. Some I talk to run smoothly, but most have issues related to this special combination.
While I have never encountered a family as dysfunctional as the one depicted on the show, […]
I don’t envy the spouse of an entrepreneur. It’s a thankless job that they never signed up for when they married or paired up with you.
I always say it’s like being in a blindfolded passenger in the back car; you have no idea where you are being taken. At the same time, it was hard […]
Fact: Family businesses generate over 50% of the GNP.
Fact: Less than one third of family businesses survive the transition from first to second generation ownership. Another half don’t survive the transition from second to third generation.
Fact: Scooters offers no less than 20 flavors of frozen custard.
From Berkshire Hathaway and Wal-Mart to Scooter’s Frozen […]
I work with alot of owners who are selling their businesses after a lifetime. Many have had their businesses 25, 30, and even 50 years. The first question I always ask to ensure they are ready to sell is:
“What are you planning to do the day after you sell your business?”
If they do not have […]
My guest on the radio show today was Jennifer Glunz Faulk, part of the fourth generation running 120 year old family business Glunz Beers. Listen to her stories about how they had to sell all their liquor in one day after Prohibition went into effect and where they hid their supply!
You think you have […]