The History of Family Business The histories of Family Businesses span time. There were family farms before there was Rome. Shepherding has been a family business over 6000 years; other Family business are recorded in the Guinness Book of Records, Hoshi Ryokan , a family owned and operated hotel in Japan, opened in 717. [Continue Reading]
Strategy: Start At The END
Strategy: Start at the end. A strategy is a plan of action designed to achieve a vision. Paul Williams is the Founder of Idea Sandbox, a self-described Barnstormer, Creative Problem Solver, Retail Marketing Crackerjack and Writer. Recently Paul wrote, “One of the best starting points for a strategy session is at the end of it. [Continue Reading]
Board of Directors vs. Strategic Advisors
The University of Louisville has the following on the web site: Family Business Facts • Family businesses comprise 80 to 90 percent of all business enterprises in North America (Family Business Review, Summer 1996) • Only 40% of family owned businesses survive to the second generation, 12% to the third, and 3% to the fourth [Continue Reading]