Set yourself up for future success and thoughtfully create a business that will stand the test of time. Million Dollar Listing LA stars David Parnes and James Harris give steps to intentionally create structure, strategy and synergy. Continue reading
As a family brand, we show care and compassion in life and in business. And we’re always learning from our time in the field. We’re not focused on shareholder interest: we’re focused on our agents. Continue reading
Family-owned businesses employ 60% of the U.S. workforce. But keeping a company in the family for multiple generations can provide unique management challenges. Only 30% of family businesses survive the transition from first to second generation owners… Continue reading
Taking a family business to next level can be trickier than it is for other small businesses. It’s never a cakewalk to invest and take the inherent risk necessary to expand a business, of course, by hiring the next employee, adding a new product or ser… Continue reading
Family-run firms comprise some 90 percent of business enterprises in the U.S. and about two-thirds of employment. So what happens with family businesses matters greatly to the economy and society. That’s why it’s important to highlight how the demograp… Continue reading
When you’re in a family business, it’s essential that the generations work seamlessly together. That’s especially important when it comes to technology, which is, in essence, the tools and vocabulary of any thriving business. So if you plan to introduc… Continue reading
One of the of the trickiest thing for a family business to do is to ask for help from an outsider, whether it’s bringing on an expert as a full-time employee, a consultant or a board member. But to take a family business to the next level, tackle thorn… Continue reading
Nothing succeeds like success, the saying goes. But for family businesses, it’s smart succession planning that can be the key to sustaining the company in the future and keeping it flourishing. Problem is: few family business owners are doing a good jo… Continue reading
Of the 28.8 million small businesses in the U.S. 19 percent are family-owned. As that type of business grows and evolves, it begins to benefit from the many generations running the day-to-day operations. Here are five ways a family business can benefit… Continue reading
Most family business consultants talk about the nitty-gritty finances of running an enterprise successfully. But to Tom Hubler, a St. Paul, Minn.-based pioneer in family business consulting, it’s all about “soul.” A former therapist, Hubler is a foundi… Continue reading