The Top 10 Stupid Things Families do to break up their Business

1. Assuming all genetic relationships equal good working relationships. We assume that all genetic relationships equal a good working relationship. This is not true. Just because you are related to someone, doesn’t mean you should be working together. Acceptance in a...

Difficult Conversations – Sharing Bad Information

In the role of a manager we are often the bearer of bad news—telling people what they do not want to hear. Add upon the role of manager the role of parent, spouse or sibling; conversations around bad news can be extremely difficult in a family enterprise. There are...

Explore the business benefits of a mentor

(NC) — For small business owners, having a mentor to offer guidance and support is key to success. The tangible benefits of a formal mentoring relationship start from day one and translate into long-term success of the business. For example, a mentor: • Can...

Succession Planning

Succession planning is a thorny issue – not because the plans can be complex, but because it raises so many questions that need to have answers. And these answers come from people whose feelings might easily be hurt. In our work here at the University of Wyoming,...

Creative hard working garlic producers love the agricultural process

PICTOU COUNTY, N.S. – While he always admired his parents’ agricultural lifestyle, 32-year-old Justin Smith readily admits he wanted to get away from the farm as soon as he was able. “I went to college in Ontario and then took a job in California upon graduating,”...