Tag: family business
Modern families are making business succession planning even harder
The complexities of modern families are
making it even harder for business owners to plan for the future.
With around...
The family that stays together: Why family businesses are better at employee retention
When it comes to employee retention, family businesses lead the way. According to the Harvard Business Review, the average turnover at a non-family firm is 11% per year. Family firms, however, churn only 9% of their workforce.
What’s next for Nad’s? No hairy business, but an IPO
Who knew that a simple act of mother’s love could turn into a multi-million dollar business? Sue Ismiel, CEO of Australian hair removal company...
How a Melbourne family built a biscuit empire from their humble kitchen. Big retail...
If you have a sweet tooth, particularly for biscuits, then it's very like that this name rings a bell somewhere deep in your taste...
Is the family business a thing of the past?
In this podcast, RMIT professor Kosmas Smyrnios discusses the changing face of the Australian family business. He observes the difficulties business owners are facing and the reasons why younger generations are less inclined to inherit their parents’ firms.
20 tips to winning in family business
You can choose your friends and business colleagues, but you can’t choose your family. However, many people choose to start or continue running businesses with family members.
Of course, the common stresses of family and business are usually multiplied in a family business, so it’s important to establish the ground rules early on.
Here are 20 tips to keep your family business on track.
