With over 20 years of experience, Michele Phillips knows the excitement and challenges of leading a team and business, both large and small. Michele brings her wealth of knowledge and experience to help her clients succeed in their businesses. In an industry where 80% of businesses fail, Michele not only grew but successfully sold and […]
The SmallBizChat Podcast: Building and Running a Strong Family Business with Christine Noh
Christine Noh owns Nohble, a sneaker and streetwear retailer with locations in New York and New Jersey. She started her professional career in investment banking at JPMorgan Chase and left investment banking to pursue her entrepreneurial passion. In 2013, she opened Nohble’s flagship location in Newark, New Jersey. In 2014, she moved her offices to […]
May 2023 #SmallBizChat: NBSW 2023 Succession Planning in Small Businesses
#Smallbizchat Podcast LIVE is a monthly video interview show where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as their own boss. Please join us live every third Wednesday of the month from 8-9 pm ET Live on my SmallBizLady Facebook […]
How to Take Over the Family Business
Ann is a 43-year-old single mom from the east coast. Ann is a great photographer, but no one knows it because she spends most of her time helping to run her parents cleaning business. Recently, at Ann’s parent’s 40th wedding anniversary celebration, her dad made a huge announcement. In his most prideful voice, Ann’s dad said, […]
3 Things to Consider When Taking Over Your Family Business
There is no smooth path to becoming a CEO, much less taking over and transforming a longstanding family business to compete in the 21st century. As I took the reins of my second-generation multimillion-dollar business from my mother and father, and partnered with my brother, I realized the importance of striking a balance between my […]
How to Make Your Family Business Last
This Thanksgiving, the perfect time to focus on family businesses. Working with the people you love is tough. I recently had a chance to speak with Mitzi Purdue. She is the daughter of Sheraton Hotels co-founder and the wife of the late entrepreneur Frank Perdue. She is also the author the of the book “How […]
How to Build a Successful Family Business
If the idea of building a business that you can pass on to future generations is appealing, this article is for you. There are many reasons to build a family business, including working with your children, other family you know and respect, as well as creating a legacy and building generational wealth. There are certain […]
What to be Aware of When Starting a Family Business
Guest Article Starting a family business is a pretty ambitious endeavor. You have to focus on beating the competition, struggling to become profitable, and scaling the business. Sometimes, it’s hard to stay in the game if your competitors have corporate-sized tools and solutions which a small family enterprise can’t really afford. What are you do […]
How to Run a Successful Small Business With Your Kids
Linda Collinson is no stranger to entrepreneurial success. In the ’80s, she developed a natural skincare line, LaCrista Natural Skincare, from her kitchen table. Her small operation grew quickly, and by the ’90s her products were being sold in Wal-Mart, Whole Foods, Giant Foods and in other stores across the country and internationally in China. […]
Are You Ready For Succession Planning In Your Family Business?
A colleague recently asked me: “Is succession planning the biggest issue facing family businesses today?” After giving the question some thought, I responded that we must be clear on what we mean by Succession Planning. If succession planning is defined as the journey to plan for leadership for the survival of the business as an […]