The Family Owned Business — by Generational Equity

Balancing Business and Family in a Family Owned Businesses

by Tom Farrell on January 8, 2010

One of the unique challenges of running a family owned business, is the tie that forms between the family unit and the business. For many business owners, the business in itself is like another child, sometimes making it difficult to make the correct decisions for both the family and the business. Having proper boundaries set in place along with advisors you respect will help to bring a healthy separation between both. This healthy division is of critical importance to the success of both the family and the business.

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Cutting Business Expenses in 2010 – Part 5 of 5

by Tom Farrell on January 5, 2010

This entry is part 5 of 5 in the series Save Money on Business Expenses

During this final post on saving business expenses in the new year, we are going to discuss savings on banking fees, business insurance and the health care plan.

Monitor and Adjust Your Banking Fees

You have many banks to choose from and they know it. Work with several banks to find out which bank will work with you and be the most willing to negotiate your banking fees. If outsourcing your payroll provider, see if there are ways to waive fees based on direct deposits and other services.

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Cutting Business Expenses in 2010 – Part 4 of 5

January 3, 2010

This entry is part 4 of 5 in the series Save Money on Business Expenses

In part 4 of a 5 part series on saving on business expenses, we are going to discuss how to save on payroll, mail and office space.

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Cutting Business Expenses in 2010 – Part 3 of 5

January 1, 2010

This entry is part 3 of 5 in the series Save Money on Business Expenses

In part three of this series on saving money on business expenses, we are going to discuss ways to save money on the telephone bill and on web hosting.

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Cutting Business Expenses in 2010 – Part 2 of 5

December 30, 2009

This entry is part 2 of 5 in the series Save Money on Business Expenses

In part 2 of the series on saving on business expenses in 2010, we discuss saving money on the electricity bill.

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Cutting Business Expenses in 2010 – Part 1 of 5

December 28, 2009

This entry is part 1 of 5 in the series Save Money on Business Expenses

n this series on cutting business expenses, we are going to pinpoint various ways for you to lower business expenses in the new year beginning with negotiation.

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Three Myths of the Family Owned Business

November 24, 2009

A family owned business “is a business in which one or more members of one or more families have a significant ownership interest and significant commitments toward the business’ overall well-being.” Based on our experience at Generational Equity, we have listed three myths about family-owned businesses and elaborated on why the myth is a myth.
Myth [...]

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Challenges of the Family Owned Business

November 23, 2009

Running a small business has its challenges, but the challenges of owning a family-owned business extend further. At Generational Equity, we understand this we are a privately held business ourselves.
The family owned business often times has a ‘romantic’ appeal to it. However, when the smoke and lights fade, there are certain challenges that family owned [...]

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