You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
Don’t let the pressure of taking over your family’s business wear on you. Instead, take steps for a smooth transition.
An explanation of franchising vs. licensing, with advantages and disadvantages of each to help entrepreneurs make wise business decisions.
Choosing a location for your retail business is one of the most important startup decisions you'll make. Location can make or break a store. Read more