Entrepreneurial Expert Steve Strauss responds today to a concern facing many in the family business sphere, hiring family members into the business and the plusses and minuses associated with taking such action. 

12 Best Practices for A Winning Combination
in Family Business
March 27, 2012

Being a father-son team can have its challenges.  When it's tough, it can be brutal. But when it works well, it be one of the greatest experiences ever.
You are invited to listen to the next installment of our 'So You're In The Family Business' Webcast Series, featuring Brian and Tyler Fairbank of Jiminy Peak and other New England ski resorts. 
During this webcast, the Fairbanks discussed:

Today we did a webcast on setting your 2012 family business resolutions. 

In this fictional (but common) family business scenario, we examine the family business issues which have blossomed between Jean, Hank and Matt, a parent/child team whose expectations and communications skills have brought them to an impasse.

Our December 2011 Family Business newsletter is live! In this month's issue, we review:

The aging of baby boomers presents a unique challenge.  The transitioning of their business ownership finally morphs from a vague hypothetical discussion to a reality.  Though we typically assume that the business will pass from one generation to the next, this is not always what is in the best interests of either the family or the business. 

Holiday dinners are a time for family and friends to gather and celebrate the joys of the past year. But sometimes, in a family business, that's a little easier said than done. 

As we discussed last week, it's the season for celebration, family, and resolutions to make the following year even better than previous ones.

On Tuesday, December 13th, Transition Consulting Group welcomed a live online conversation with Ben and David Grossman, Co-Presidents, Grossman Marketing Group, to discuss their best practices and techniques to ensure the success and survival of their family business in any economy.

‘Tis the season for good tidings, a little cheer, and a few resolutions to change our ways the following year. However, while most of the resolutions we make are usually forgotten by February, we know that we can do better.