Do you ever wonder what will happen to your business when you retire? Well, it’s imperative to start laying a solid foundation for future generations early. It’s a fact that family-owned businesses contribute to over 50% of the global economy. With this in...
Family businesses play an integral role in the world economy. Oblivious to many, huge companies such as Nike, Walmart, and Samsung started as family businesses. However, many family businesses don’t survive succession. Research shows that by the third...
Of the businesses established each year in the U.S., a considerable number of them are started by family members, especially brothers. However, what most don’t know is that starting a family business has its unique challenges. It’s when the business is in...
Branding is a critical element of marketing. Consumers need something unique that is identifiable to your company. As an entrepreneur, you should go the extra mile to make your brand more recognizable. Making your brand identity more consistent builds customer trust,...
Building a winning team takes more than most people assume. It involves assembling together a group of talented employees to work together as a team to attain a shared goal, commitment, or vision. To come up with a winning team, there are several things to consider....
Did you know that you can use a buy-sell agreement to insure your business? The truth is; most businesses are turning to buy/sell agreements to protect themselves from loss of revenue among other financial hardships. What is a buy-sell agreement? A buy-sell agreement...
Recent Comments