The Dynamics CEOs Should Consider when Passing Down the Family Business
Family business owners need to be prepared for a variety of scenarios when it comes to determining their exit strategy.
3 Keys for Great Succession Planning in a Family-Run Business
A new study by EY Global and Kennesaw State University sheds some light on how CEOs and owners of family-run companies perceive the strengths and weaknesses of family ownership, especially when it comes to succession and on what they do to make sure it endures as a family-run business.
How to Keep Family Dynamics From Derailing a Succession Plan: 3 Tips for CEOs
Family businesses face unique challenges when transitioning from one generation to the next. The struggle to protect family and business interests requires a thoughtful strategy, and succession is even more difficult if there is no clear candidate to lead the business.
8 Business Lessons from a 9-Year-Old Entrepreneur
Out of the mouths of babes—or at least 9-year-olds—can flow some pretty sage advice for CEOs and business chiefs. At least when it comes from Alina Morse, the founder of a startup company called Zollipops, which has received national acclaim for its innovative product—cavity-fighting lollipops. Here are 8 basic but timeless insights based on the Zollipops experience.
Longevity and the Family Business: Tricky Transitions
Keeping a family business going from generation to generation can be tricky, especially when you don't know whether the next generation will want to take over or not.
5 Ways to Create a Successful Family Business
According to the National Restaurant Association, there are 970,000 restaurants in America. Further research indicates that the three-year failure rate for restaurants hovers around 60 percent. So just what is it that makes some restaurants fold, while others turn into gold? For two successful Washington D.C.-based restaurants, the answer to their success starts with family.
Controlling Conflict in a Family Business
Internecine battles in closely held firms need not lead to deadly civil wars.
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New Poll: CEOs Find Challenges In Using Customer Data To Drive Innovation
Ability to harness and sort through data for meaningful insights remains a hurdle, many say. “The key is...finding what is actually relevant.”
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CEO CONFIDENCE INDEX
In Poll, Majority of CEOs Say Hybrid Work Is Here to Stay for 2022. Full Virtual? Not so Much
Almost all the CEOs we surveyed in May say they will work in at least partially hybrid mode for the rest of the year—versus just 7 percent who said they'd be fully remote.