Browsing Tag
Family Business
19 posts
Shattering Myths: Tips to Successfully Launch and Run a Family Business
Starting a family-run business is a great way to build a legacy and earn money based on your own terms. The impact the coronavirus pandemic has had on American job loss has more individuals ditching the standard corporate 9 to 5 and seeking out entrepreneurship opportunities where they have more control of their own destiny....
12 Keys to Family Business Success
Family members start a major portion of new businesses launched in the U.S. every year. Brothers come to mind, of course, when it comes to family business. Whatever the family ties, however, starting a business with a spouse, parents, siblings, children or other family members presents unique challenges over and above the usual problems a...
Starting a Family Business? Avoid These 5 Mistakes in Your Continuity Plan
The following is excerpted from "The Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise" by Josh Baron and Rob Lachenauer (Harvard Business Review Press, 2021). It may seem counterintuitive to those who are neck deep in building their business, but if you want to build an enduring legacy to...
WJR Business Beat with Jeff Sloan: Blake’s Hard Cider is a Winning Formula (Episode 163)
On this morning's WJR Business Beat, Jeff shares the story of a visionary entrepreneur in our region, Andrew Blake. Blake, a third-generation entrepreneur, came up with an idea to expand his family business by creating a product to sell at retail. The product is Blake's Hard Cider, and it's a winner. Tune in to this...
Thinking of Starting a Business with Your Spouse? 5 Tips to Ensure Success and Productivity
It’s not uncommon for couples to consider going into business together. After all, your life partner is an easy pick, as many spouses are loyal, supportive and even share the same dreams and goals. Plus, marriage in and of itself is the ultimate test. Like any type of partnership, marriage requires hard work, commitment and...
Women in Business: StartupNation Radio feat. Jennifer Kluge and Jana Brownell
On today's episode of StartupNation Radio, Jeff is joined by co-host Norm Pappas, president and CEO of Pappas Financial. Together, they interview two accomplished entrepreneurs: Jennifer Kluge and Jana Brownell. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here First up is Jennifer Kluge, president and CEO of the National Association for Business...
Winners in Business: StartupNation Radio feat. Bruce Liebowitz and Marci Taran
This episode of StartupNation Radio is brought to you by Pappas Financial On today’s episode of StartupNation Radio, Jeff is joined by co-host, Norm Pappas, president and CEO of Pappas Financial. Together, they interview two guests who have both been living and breathing entrepreneurship for years: Bruce Liebowitz and Marci Taran. StartupNation exclusive discounts and savings on Dell...
WJR Business Beat with Jeff Sloan: Tricia Ruby (Episode 57)
On the WJR Business Beat this morning, we're featuring the story of Tricia Ruby, a great entrepreneur right here in the metro Detroit region. Tricia is the CEO of a structural engineering company known as Ruby+Associates, started by her father, David Ruby. The company engineers the buildings, bridges and venues that construction companies in our region...
StartupNation Radio feat. Ruby+Associates and 1-800-SWEEPER
On this episode of StartupNation Radio, Jeff is joined in the co-host seat by Norm Pappas, president and CEO of Pappas Financial. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here To kick off the show, Jeff and Norm interview Tricia Ruby, president and CEO of Ruby+Associates, a company that designs and engineers...
This Mother-Daughter Duo Offers Lessons in Entrepreneurship After Building Their Own Successful Startup
There’s so much great advice out there on how to start a business, but you never really know what’s real until you do it. I not only dove in head first, but I also did so with my mother, Katherine Eskandanian-Yee. Together, we learned real-life lessons in entrepreneurship by starting our company, LeaderEQ. The entire...
7 Tips for Running a Business with a Family Member
Many people cannot imagine working or partnering with a family member. The idea of negotiating and communicating with familial ties each day is simply too stressful for some. However, many businesses around the world contain married couples, siblings or other familial relationships. Especially in a world full of startups, in which entrepreneurs want to hire someone they...
What Mom and Pop Shops Need to Do to Stay in Compliance
Each year on March 29, we celebrate the owners of Main Street’s small businesses and startups with National Mom and Pop Business Owners Day. As the backbone of the U.S. economy, these family-run companies pack a mighty punch over their bigger competitors. These businesses put their customer first, engage with the community, and are able...
5 Tips for Running a Family Business
The family business, whether it be a startup or a generational institution, is part of an idyllic American dream for some. Whether or not a family business owner plans or hopes to pass the business down to their children, they have to deal with the challenges of working with family. While hiring a family member...
How 2 HGTV Entrepreneurs Overcame Major Co-Founder Discord
It’s one of the most common issues that startups face, and also one of the most destructive: discord and conflict between co-founders. In fact, research from the Harvard Business Review found that 65 percent of startups fail as a direct result of co-founder conflict. All too often, what starts as a seemingly minor disagreement can...
Top Leadership Traits Needed to Successfully Manage a Family Business
It wouldn’t be a stretch to say many people don’t like change of any kind. The status quo, which is known, is usually preferred against something new, which is unknown. With respect to a family business, change can be particularly troubling, especially when it’s unexpected — the death of an owner, a key employee or...
Relentless Lori Blaker Takes Her Family Business Global [Radio]
Welcome to another edition of StartupNation Radio, where we discuss how making it to the top of a family business is harder than you think. There are some who say that you’ve got it made when your family owns a business. Your career will be a cake-walk. Our guest Lori Blaker, CEO of TTi Global, had...
Hay Hotels…Anyone?
Interesting article in the NYTimes: Leave it to the Germans to combine livestock with lodging. In the last decade, hundreds of farms throughout Germany have transformed old barns and potato warehouses into heuhotels, or hay hotels, where guests spend the night on a bed of dried grass. The eco-friendly hotels (no sheets to change) are...
It’s His Tailgate Party and I’ll Cry If I Want To
My husband is hosting a tailgate party tomorrow for a group of his co-workers, or co-drinkers as the case may be. Hey. I'm cool. I'm down with football and kicking home runs or whatever they do. My problem is that this tailgate will be held in my home. So, first, there's the whole "how do you...
Entrepreneurship runs in the family blood!
While we "Sloan brothers" have usually been the ones in our family to be recognized as 'the entrepreneurs,' now there's a new force on the scene... Her name is Julie ... and... she's our middle sister. That's right... and watch out! Just a few short months ago, she, like so many thousands of others who've...