Many people make the mistake of thinking that family businesses are simple businesses. Nothing could be further from the truth. The coexistence of two systems with differing ways of thinking—the
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The public sector has long benefited from partnerships with private sector companies that allow innovation and entrepreneurship to flourish. However, government agencies themselves often struggle to
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Of the huge number of businesses that are started each year, hardly any make it to a life-changing sale for the owner. While not everyone’s goal is to sell their business, even those who want to
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As we all know successions are rarely easy, but unexpected transitions pose a significant risk to family businesses. When Herbert Fisk Johnson, Sr., the leader of SC Johnson, died unexpectedly in
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Entrepreneur & Innovation Exchange (EIX) is partnering with the Journal of Business Venturing (JBV) to bring its research-proven insights and practical advice to our audience of current and
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Entrepreneurs, not federal government subsidies, are the key to societal improvements. Consider, for example, the newly passed Inflation Reduction Act. It aims to reduce carbon emissions by giving
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Like almost all family businesses, Commercial Casework in Hayward, California had to plan for when family owners would want to sell. The company, with about 100 employees, is one of the San Francisco
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Around the globe, advertisements for family businesses regularly include expressions like: “Our family serving yours for the last three generations” and, “Our name on the product guarantees its
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Like so much else today, the hiring process has radically changed. While it remains important for prospective hires, especially those fresh out of school, to demonstrate concrete evidence of job
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Janme Sinha became intrigued by family business dynamics when a distraught friend confided that his recently deceased father had left all of the shares of the family business to his brother. In
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