Lessons, Legends and Legacies: Serving the Family Business
- INTERNAL DISRUPTIONS in FAMILY BUSINESS SUCCESSION: Death, Divorce, and Disability. EFENDİOGLU, ALEV M.; MUSCAT, EUGENE // Is, Guc: The Journal of Industrial Relations & Human Resources;Jan2009, Vol. 11 Issue 1, p17
Family-owned businesses continue to form the backbone of most of the national economies. However, because of the tenuous nature of the ownership structure of most small and family businesses only one in three family businesses succeeds in making it from the first to the second generation. In...
- Compensation complications among family members. Henning, Mike // Hotel & Motel Management;6/15/2010, Vol. 225 Issue 7, p13
The article presents an equal, fair compensation plan in a business situation, overlooking relational bond biases. It suggests having a standardized employment screening processes applicable to all including close friends and relatives. Another, it points to defining clearly what the job...
- Nexxus Capital Raises $142Mn via Nexxus III; Targets $250Mn. // EmergingMarketsNOW;2/27/2008, p2
The article reports that Nexxus Capital, a Mexico City-based PE firm, has raised $142 million in the third round of the third fund, Nexxus III. Nexxus Capital primarily invests in mid-market high-growth Mexican family-owned businesses. The fund raised USD 94 million and $110 million in January...
- How to deal with pay issues. Crane, Margaret // Crain's Chicago Business;10/23/2000, Vol. 23 Issue 44, pFB4
Focuses on the compensation issues facing family-owned businesses. Challenges facing owners of family businesses in dealing with the issue of compensation; Basis of compensation; Determination of market rate salaries; Prevention of overcompensation.
- Venter family cautionary intrigue. Anderson, Belinda // Finweek;8/23/2007, p24
The article analyzes several possible actions Altron, a family-owned business, will take before Bill Venter retires in South Africa. The company is predicted to consolidate its three entry points including Altron, Altech, and Bytes into a single listing or restructure its information technology...
- Theories of Relativity. Woodall, Blake // Kitchen & Bath Business;Jul2005, Vol. 52 Issue 7, p44
Focuses on the factors that should be considered in managing a growing family business. Percentage of the gross domestic product contributed by family-owned businesses in the U.S. according to the Family Firm Institute; Aspects of the family business that should be considered by older...
- A team approach to transition. Form, Daryn G. // CA Magazine;Aug2003, Vol. 136 Issue 6, p10
Focuses on family-owned businesses in Canada. Number of people employed by the business; Contribution of the business to the country's gross domestic product; Key to the success of family-owned businesses.
- Voluntary Demand for Internal and External Auditing by Family Businesses. Carey, Peter; Simnett, Roger; Tanewski, George // Auditing: A Journal of Practice & Theory;2000 Supplement, Vol. 19, p37
The article presents information on a study which investigated voluntary demand for auditing by family businesses. Family businesses, in this study defined as firms that exhibit majority family ownership, accounts for a large proportion of all economic activity. Research suggests that 80 percent...
- Back In the Saddle. Estess, Patricia Schiff // Entrepreneur;Jan1999, Vol. 27 Issue 1, p90
Gives advice on what should be covered in consulting agreements between the family business founder and his successor. Job description of the business founder; How much time the business founder will commit to the task; How much authority he will have; Compensation to be received.