#Family Business
What Australian family businesses can learn from their global peers
A survey of over 2,400 family businesses across 70 countries has looked into the factors that drive their performance and continuity across generations.
Brotherly ties bringing out the best in business: An entrepreneur pair
Digital marketing agency brothers grow a $5 million business and shoot to the top with an Amazon bestseller There’s something intriguing about successful sibling duos. Think Serena and Venus, Chris and Liam Hemsworth, Ben and Casey Affleck – the list goes on. How is it that there is so much talent in one family? It […]
How to successfully work with your family
Starting a business with my wife and sister-in-law has been one of the best decisions I have ever made. Contrary to popular belief, working alongside your loved ones can in fact be a very beneficial experience that nurtures both your personal and professional relationships, while also providing the opportunity to grow your business. Aside from […]
Cabinet reshuffle: new Small Business Minister appointed, Jobs & innovation portfolio created
A cabinet reshuffle has been announced by Prime Minister, with Michaelia Cash named Minister for Jobs and Innovation, and Craig Laundy promoted to Minister for Small and Family Business, Workplaces and Deregulation. Cash, formerly the Minister for Employment and Women, assumes responsibility for a new portfolio focused on jobs creation as part of her reassignment. […]
When selling a small business, failing to prepare is the same as preparing to fail
If “location, location, location” is everything in real estate, then “preparation, preparation, preparation” is equally important when selling a small business. There are many reasons why a small business owner might decide to sell, but preparation is the one common ingredient that can make the difference between a sale and a fail. The single most […]
The Family Business – Yes or No?
A family business can be a psychological minefield if you’re not careful. The questions can, and do, keep you up at night. But a simple list of the pros and cons might help you make a decision.
National success amid a hard slog
Martin Halphen didn’t get to where he is overnight. Now servicing over 8,000 corporate customers, and doing some 23,000 deliveries a week, Martin has steadily persevered, and grown his fruit delivery business – Fruit Box – nationwide.
The business of stemming electoral fraud
It began life as the brainchild of husband and wife team, Mike and Diane Morrell. Their product, the Genie ID now has the potential to help transform voting systems across the African continent and minimise electoral fraud.
Brother and sister duo conquer cutthroat Sydney
Entering either the café or the gym markets is in itself a risk. Throw in the cutthroat eastern suburbs of Sydney, and you’ve got a powder keg of risk.
160 year family business welcomes 6th generation owner
This is a story ripe for a riveting Australian film or television mini-series.
Can you successfully run a business with your partner?
When it comes to doing business with friends and family, blood isn’t always thicker than water.
All in the family: Father to son succession
Peter Nuttall was his father’s second employee at RUD Chains. Now, almost 30 years later, he’s managing director of the multi-million dollar company.
It’s hard to argue with a 160 year old business
What happens when steadfast values like trust and loyalty collide with business? You get one of Australia’s most enduring family-run businesses.
Entrepreneur in tropical paradise
As head of the Oatley family investments and businesses, which includes Hamilton Island, Sandy Oatley credits his success to developing and following a long-term vision.
The entrepreneur taking the grind out of business
Many kids would rather seek their own path than join the family business they’ve grown up in, but not Toby Bensimon.
10 questions to ask before family and friends become business partners
Before bringing loved ones into your business, here’s what you need to know to protect your relationships and your company.
It’s time for the next generation to step up
Are you involved in a family business? Read on for the pitfalls you need to avoid when organising the business inheritance.
Work smarter not harder in 2013
With the new year looming and businesses everywhere grappling with change, now is a good time to consider some ideas on how you can work on your business, setting yourself up for a stronger year in 2013. It’s time to work smarter not harder.
Succession planning isn’t negotiable in partnerships
There are benefits to running your business in partnership with a friend or family member, this could mean it was established with only the bare minimum of documents. Though this may not currently present an issue, it can cause succession headaches later.
Lighting the flame of export success
Meet the brother and sister duo behind Palm Beach Collection, the home-grown candle business whose products are in hot demand overseas.
Succession planning causing anxiety in family businesses
Though many family business owners want to keep it all in the family, many are worried about their children’s ability to take charge of the business.
Family bathroom business celebrates 30th anniversary
Candana Designs has just turned 30, and the family business is celebrating by taking a look back at it’s history of designing high-quality residential and commercial bathrooms across Australasia.
Ganim family builds Ownit Homes’ success
The decision to swap women’s fashion for a home building business was a step in the right direction for Paul Ganim and his brother Peter.
Family owned businesses in trouble
Family owned businesses are more vulnerable in the current economic climate, than non-family owned businesses, according to CEO of Family Business Australia, Philippa Taylor. Family owned businesses in Australia number 2 million and Taylor expects many are going to “go to the wall” in the next few months. “Their lack of a solid business plan […]