Business Success

Family owned and controlled businesses face challenges because of difficulties in passing firms on to succeeding generations of the family. Tax issues are a common problem, but the biggest challenges involve finding effective managers among the family and the needs for new capital that diminishes family control.How family members view the company over time create problems for sustainability. Individuals who establish firms tend to view it as a business enterprise; their children tend to see it as...

I recently forged my way the myriad of news reports on networks, papers, and web sites and discovered lots of attention-grabbing stories:Reuters had a story about the death of Mickey Rourke’ 18-year-old pet chihuahua.CBS News reported on cart that transforms into a sleeping tent for the homeless.Associated Press told me that Twitter was limiting message length and intending to start testing ways to make money.The New York Times informed me about people walking and running in stairwells as a means...