Suggestions for nonfamily managers
Article Abstract:
It is often difficult for a non-family member to manage a family-run business. Eight tips on how to cope are given. They include avoid asking for a contract, keep the relationship friendly but professional, do not expect to share in equity and avoid taking sides in family arguments.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1993
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Golden goose mathematics
Article Abstract:
Family businesses need to make accurate financial statements to have the information needed to make sound business decisions. Determining the return on investment can help family members decide what the value of the business is and whether they may be better off selling it.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1995
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Accountability: the whetstone effect
Article Abstract:
A family businesses should seek objective evaluations of its performance and operations to remain competitive and profitable. Going public can provide stockholder and analyst scrutiny. Consulting firms can also offer helpful criticism.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1992
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