It is well known that family businesses out perform non family owned businesses. Why? We think it has to do with the single minded focus and relentless commitment to success by their owners. There is a lot to learn when you start a new business and there are many more things to learn as it grows. This section will offer you some tools that just might surprise you.
Here we describe some common formulations of family owned businesses and explains why family owned businesses are so vital to the economy and why we want to help you thrive.
Does your family have a family owned business? This segment informs stakeholders to speak about their business in a common language of assets and liabilities.
Did you know that you are already constructing your family and family business legacy? Have you communicated it to your family and business? This Slideshare presentation lays out the legacy components that contribute to a family enterprise legacy.
Have you heard of the three circle model? Did you know that your family business isn’t just one system but more? This Prezi presentation defines the family owned business model called the 3 Circle Model. It is commonly used to demonstrate how complex your family owned entity and all its moving parts can be.
Do you know what are the three most commonly used business financial reports? Do you know exactly what they report? This online quiz is a mix of standard financial reports and their uses.
Have you ever wondered why other family owned business leaders became entrepreneurs? This interview is with Barry Maclean on why he believes free enterprise is good for the community and the family.