When family members work together in a business setting, they carry the norms and assumptions from home into the workplace. However, an unhealthy family myth can affect your business and increase the chance of conflict between family members and coworkers, making it...
When a domestic dispute makes its way into your workplace, it can be inconvenient and disrupt the daily routine. But when family conflict becomes part of the workplace culture the consequences can be far more serious, especially for family businesses. Here are five...
There’s no getting around it. Planning for the future of your family-owned business is hard. The careful balance between family expectation and business strategy requires practical, financial, and emotional intelligence. Find out what makes family business succession...
Many small family businesses operate on tight margins and rely on relatives for everything from manufacturing to sales. In these cases, family drama or conflict can quickly derail the company’s efforts and threaten the bottom line, not to mention the family dinner. If...
Michigan has over 47,000 farms, operating on 9.8 million acres across the state. 95% of those farms are family-owned. With the average age of farm ownership creeping upward to 56, the question of who will inherit those family farms is becoming a pressing issue. A...
