Family businesses need a solid plan
When many people think of businesses, they often ask if it’s a non-profit, a for-profit, or a corporation. We rarely really ask if it’s a family-run or owned business. Family-owned businesses are all around us, from small mom-and-pop stores to local restaurants such as Momma’s Kitchen or Shorty’s Diner, or larger ones like BMW, Walmart and Raymour and Flannigan.
But what does it mean to be a family-owned business? [Read more…]