How Boundaries, Borders Work in Family Businesses
If good boundaries are established and maintained, then the typical borders that cause family business war – love, hate, greed and jealousy – will remain good reading in novels and not be the basis for real life soap operas.
Top Michigan Business Women Win Honors
The Greater Detroit Chapter of the National Association of Women Business Owners (NAWBO) has named its Top 10 Michigan Business Women Award winners for 2014.
When Succession Begins for the Family Business In the Beginning!
Finding the point where the family decides that the business is not for sale is the point when things begin to change. Family business expert Richard Segal shares how families and businesses can grow with success.
How to Build an Awesome Board of Directors
Establishing a board isn't easy, but it is so very valuable for family businesses, where decision making is often complicated and convoluted. Family business expert Richard Segal offers key points in a two-part series.
Global Gourmet Chocolatiers Drive Expansion of Detroit Dried Milk Supplier
A prime ingredient in expensive milk chocolate is something called roller-dried milk powder. While the label on the chocolaty confection may sound European, the roller-dried milk powder that contributes to the deliciousness inside should read Made in Detroit. Family-owned VernDale Products is the only company in the country that supplies the leading gourmet chocolatiers with a key ingredient that helps create their distinctive flavors. Thanks to a growing consumer demand for luxury chocolate, VernDale is adding a second plant in Detroit.
Family Business Boards Crucial to Decision Making
There is a delicate balance between family and business in decision making. So, what processes can be installed to examine those decisions and offer the best outcomes? Boards offer a process and structure that should offer the ability to improve decision making. First in two-part series.