Catch them young
Involving children in the family business
I was studying for an MBA at an American university and loving it. One day my father called me on the telephone. He said that he needed me in the business and could I leave my studies and come home at once. I did as he asked. More »
Success factors
What helps family businesses to succeed?
A number of surveys show that family businesses tend to outperform. What factors lie behind their strong relative performance? More »
Yin and Yang
How siblings with opposite personalities can work
"My children are so different that I can't ever imagine them working together in the family business," says one business leader as he considers his young children. But in fact opposite personalities can create a powerful mix - as shown a family business who shared their experience at a recent FBN event. More »
Fair dividends?
The balance between dividends and reinvestment
One in five business-owning families say there is conflict over how much profit should be reinvested in the business or paid out in dividends, according to the 2007/8 PricewaterhouseCoopers Family Business Survey. What is the nature of this conflict and what are the possible solutions? More »
Father-son rivalry
The story of GROHE AG
How can a father and son work together if both of them are strong entrepreneurs who want to control their own business? The story of Hans and Friedrich Grohe reveal some of the challenges and long-lasting consequences of father-son rivalry. More »
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