Did you ever consider that some of the laws of physics, thermodynamics apply to Family businesses. Let’s consider a few laws of physics, you remember your quantum physics right? The three that effect Family Businesses: Hawthorne effect, a form of reactivity in which subjects modify an aspect of their behavior, in response to their knowing that [Continue Reading]
Closely-Held Family Businesses Rise in Value
The Wall Street Journal reported in June, Some of the world’s richest people derive their wealth from closely-held business. At $3 trillion, private businesses controlled by “ultra high net worth” families are valued at a fraction of the world’s roughly $55 trillion stock market capitalization at the end of 2012, according to data from Wealth-X [Continue Reading]
Great Companies, Family Businesses, Don’t Start With A Plan! Really?
Planning, Passion and Purpose in Great Companies Many Colleges and Universities have a center for small business, some have programs for family businesses and a few even offer degrees in Family Business Management. Many if not all offer classes on business plans, strategic plans, tactical plans, short term plan, 5 year plan and some [Continue Reading]