Women in family enterprises still have a long way to go to catch up with the positions, responsibilities, leadership and control of the family enterprise that their male counterparts have today. For example, only 24% of family businesses are led by a woman who holds...
For many centuries, the idea of women leading anything was deemed ridiculous. When humans started going up the foodchain, men were out hunting while women were tasked to keep the children safe in the caves. During the Victorian Era, women’s purpose were quite...
Many family businesses are small startups that are built from the ground up. It takes an army — or in this case, a strong support system in the form of your family — to grow a small company. If you’re lucky, your family just might be your next business partner. This...
Ever dreamed of designing your own footwear? Twin sisters Emily and Jessica Leung did exactly that. After finding a disconcertingly low number of brands that sell high-quality, fashionable, and comfortable shoes, the ladies decided to make their own. Easier said than...
If I were to ask everyone in my cycling group which behaviours were ok in the workplace and which ones weren’t, I would get a lot of different responses. Chances are, though, there would also be a lot of overlap. However, if I asked an auditorium full of family...
With family business women holding so many different roles within their family and the business, I am excited to have been asked to provide a column to shine a light on this important topic. Whilst the role of women and the importance for support and mentoring is...
I first started Daughters in Charge after moderating a business roundtable whose members were all young women working in their family’s business. Fast forward five years and we’re still together. In our meeting yesterday I was reminded once again about one of the reasons why I thought these women were special, and still do: they are financially savvy.
A 2014 study showed that women — mostly daughters — are increasingly being selected to take over their family-owned businesses. Among conclusions in the study, “Women in Leadership: The Family Business Advantage,” by EY (formerly Ernst & Young) and Kennesaw State...
Sometimes pride gets in the way of logical decisions. Sometimes society tells you one thing when your heart tells you another. Sometimes the right decision isn’t the easy decision. But ultimately, chasing your dreams and ensuring your happiness are the most important...
The transition from mommy to business owner was a pretty easy one. It allowed me to use my ever growing needs from pregnancy to providing for my growing daughter, as inspiration to create products that benefit my customers. While my experience as a mother and business...
The field of psychology is only 100 years old, and the field of Positive Psychology is about 25 years old. In 1998, executives at the American Psychological Association, led by Martin Seligman, realized they had a problem. Over 60% of the research to date focused on...
Pat Soldano opened the meeting by introducing representatives from family businesses and Family Business Centers in attendance. She then provided an overview of the Congressional Family Business Caucus, highlighting its unique role as a bipartisan Caucus aimed at...
According to PMSA (Pacific Merchant Shipping Association), the five big West Coast ports have lost volume – 702,083 fewer loads and empties were handled in January and February 2023 than in the same period pre-pandemic in 2019. This equates to close to a 16%...
As businesses continue to evolve and grow, it’s essential to have a marketing strategy that aligns with the overall business goals. However, not all businesses have the resources to hire a full-time marketing team, let alone the key figure in leading business growth –...