Family Business Failures

Family Business Failures

During my journey to obtain my Doctorate at DePaul University and while shaping my dissertation on the life cycles of family business, I thought it would be helpful to share some interesting information that I come across. All the information I share will be...
A New Pilot and New Entrepreneur have a lot in common!

A New Pilot and New Entrepreneur have a lot in common!

This week I was blessed to take flight with the owner of a company that was experiencing his first flight in a general aviation airplane. When the weather is good, the air is calm, and all systems are green there is almost no place I would rather be than sharing the...
Owner-Employees (Advantages and Risks)

Owner-Employees (Advantages and Risks)

In last week’s article we looked at the benefits and risks of having family members as employees and offered three recommendations to proactively address challenges associated with family employees: clearly establish roles and responsibilities of the job;...
The Business of Family Business (Family Employees)

The Business of Family Business (Family Employees)

Last week we explored the challenges with navigating the death of a patriarch or matriarch as part one of the four disruptions to a family business: death; new entrants; inequity and behavioral health as explained in “The Family Business Handbook”...