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Family Business News Archive

Family aspect of businesses 'can help beat downturn'

One expert notes that family businesses have a number of advantages which can help them beat the economic downturn.

Effective leadership 'crucial to business success'

Effective leadership is one of the best tools a business can have, one expert believes.

Social enterprise 'on the increase'

The social enterprise sector is continuing to gain momentum, one expert believes.

Family firms 'must innovate'

Family businesses need to innovate in order to survive the slowdown, it has been claimed.

First online family business degree launched

An Australian university has launched the first online degree devoted to family business management.

Family businesses 'a stabilising influence'

Family firms can offer the economy a stabilising influence, according to one business expert.

Being together at home and work 'can cause blurring'

Family business workers who spend time together both at home and at their job can experience problems of blurring between their personal and business lives, a life coach has warned.

Family ownership can cause 'a myriad of problems'

Family-owned firms can face "a myriad of problems" when it comes to passing a business from one generation to the next, it has been reported.

Family firms 'must avoid emotional baggage'

Members of family firms must overcome any emotional baggage and move away from a parent-child way of operating in order to make a successful family business, it has been claimed.

Entrepreneurs 'need to adapt' to climate

Entrepreneurs and family firm owners need to be prepared to adapt rather than by following the way business has always been done, it has been reported.

Golden rules of succession

Succession planning requires business owners to follow a number of "golden rules" to ensure everything runs smoothly, it has been claimed.

Family firm succession 'should be planned and paced'

Passing a family firm from one generation should be well-planned and take place over a significant period of time, it has been claimed.

Family business adviser qualification launched

Bristol Business School, based at the University of the West of England, has set up a new family business adviser qualification in partnership with the International Centre for Families in Business (ICFIB).

Good relationship 'important for family business colleagues'

It is important that relatives working together in family businesses have a good relationship both in and out of work, according to a business expert.

Offspring 'should not go straight into family business'

Family business heirs should avoid going straight into their firms and gain experience elsewhere before joining their company's staff, it has been claimed.