In a family business, people can confuse their roles as owners and employees with those of being family members. This article highlights the importance of setting expectations. Learn how to balance your circles of influence between business and family.

Most mom entrepreneurs start a business to help support their families. So why not get your family to help support your business? Learn how five mompreneurs found ways to get help and inspiration from their spouses and their children.

Don’t let business dominate your holiday celebrations. By talking too much shop, you could alienate family members not involved in the business. Read on for tips about balancing work and family life.

Happy families are the “secret ingredient” of successful family businesses. Research has shown that communication, flexibility and togetherness make for a happy family. Find out how to positively affect the bottom line of your family business.

The health of a family can be measured by the bottom line of its family business. And a healthy family is good for both personal and professional life. Characteristics of a healthy family include: fun, celebrating rituals, sharing a common vision, and praise.

This article tackles the topic of blending the family with the family business. It also addresses the challenge of balancing family member employees and non-family member employees. The author strongly recommends creating a Family Participation Plan and Code of Conduct to clearly communicate expectations.

Keeping a family business thriving in the highly competitive funeral industry is no small task. Michael Schoedinger presents his company's strategies for success, highlighting customer service and the benefits of a family-run business.

Starting a business with your better half can reap huge rewards--and unique problems. Such a move requires a full assessment of your personalities and money issues. Here are some steps you can take to protect your finances and your relationship.

Accountability, rather than strategy, is the primary reason for family-business boards. From selecting directors to board size, discover some guidelines for family-owned business boards of directors.

In this article, the author debunks some of the myths that surround family-run businesses. He also stresses the need for a leadership plan to ensure a smooth transition, with a focus on the three Cs: competency, commitment, and character.

Multiple owners with different viewpoints can complicate a family business. Dueling perspectives can even destroy the business and divide the family. To keep your business running smoothly, implement a decision-making framework.

You've been accumulating assets and saving since entering the work force and starting your business. The question is, do you have a plan in place for these assets after your death? If you’re like most people, you don’t think you need an estate plan.

70 percent of family businesses fail to transition from the first generation to the second. Passing the torch can be an emotional process. With care, the frustrations of leadership succession can be avoided.

An Employee Stock Ownership Plan (ESOP) is a creative way to transition out of business while rewarding the company’s best employees. An ESOP is one possibility that should be explored early, as it involves sophisticated tax planning and organizational set-up.

Part one in a four-part series, this article focuses on succession planning. Ending a career is difficult for everyone. It is particularly difficult in the context of a family business where owner-entrepreneurs have devoted a major and significant portion of their work life to their company and career.