|
|
|
| ABOUT | ||
| ||
| ||
| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
|
||
 |
|
Anita Campbell, Editor |
|
||
| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
| email me | |
|
|
||
|
|
|
|
|
 |
||
|
||
| FREE BUSINESS MAGAZINES | ||
|
||
|
||
| Trade publications FREE to qualified professionals. No hidden offers and no purchase necessary. | ||
|
||
| |
On Wall Street The Deal Computing Canada |
CIO Employee Benefit Oracle Magazine |
|
||
| 100+ additional titles. Click to browse. | ||
|
|
|
|
|
| ARCHIVES & SEARCH | |||
|
|||
|
|||
| |
Previous Small Business Trends articles can be found at the links below: | ||
|
|||
| |
October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 |
||
|
|||
| |
Or, use the search box below to find a specific post: |
||
|
|||
|
|||
|
|
||
|
|
|
| NEWSLETTER |
|
|
|
| Sign up for our FREE Small Business Trends newsletter. (View Current)
We publish regularly and promise we won't share your email address with anyone. (Privacy Policy) |
|
|
 |
|
|
|
|
| |
|
|
|
| SMALL BIZ INFO & RESOURCES | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BLOGS TO READ DAILY* | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| * Don’t have time to read several dozen blogs a day? Pick two or three. Your brain will thank you for it. | |
|
|
|
|
| ONLINE COMMUNITIES | ||
|
||
|
||
 |
|
 |
|
||
 |
|
 |
|
||
|
|
|
|
| BLOG DIRECTORIES | ||
|
||
|
||
 |
|
 |
|
||
 |
|
 |
|
|
| THE BUZZ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SPECIAL RESOURCES | |
|
|
|
|
||
|
|
|
||
|
|
Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
|
|
|
|
|
||
|
|
|
||
|
|
|
|
|
|
|
Wednesday, November 05, 2003 | |
|||
|
|||||
|
|
|
|||
|
|
|
|||
|
|
Business Success Runs in the Family | |
||
|
|
|
|||
|
|
|
|||
|
|||||
|
|
Individuals with experience working in a family-owned business are much more likely to be successful in their own businesses.
A recent study by two university professors, Dr. Robert Fairlie and Dr. Alicia Robb, indicates that simply having a relative who owned a business was not the key factor--the entrepreneur had to actually work in the business. "The main effect...appears to be through the informal learning or apprenticeship type training that occurs in working at a family business and not from simply having a self-employed family member." In fact, experience working for a family member's business turns out to have a greater impact on success than other, non-family managerial experience. The authors theorize that individuals working in a family business acquire important general business acumen. That acumen is more important than industry knowledge or technical skills. Bankers and venture capitalists take note: a factor to consider in gauging the potential success of an entrepreneur appears to be work experience in a family-owned business. You might want to include this as one of many screening factors. Also, this finding suggests the importance of mentorships, apprenticeships and work experience in entrepreneur assistance. Read the study here. |
|
|
|
|
|||||
|
|
| |||
|
|||||
|
|
|
|
|
|
|
|
|
|||
|
|
More news... more trends... more insight... | |
||
|
|
|
|
||
|
|||||
|
Home | Privacy | Terms | SmallBizTrends |
|
|
|
|
|
(c) Copyright 2003 - 2005, Small Business Trends LLC. All rights reserved. |