Tuesday, September 27, 2022

How to Prepare the Next Generation to Run the Family Business

Why don’t more businesses pass down through the generations, and conversely, why aren’t younger generations more interested in taking on significant responsibility in their family businesses?

Statistics on family-owned and -operated businesses show that although as many as one-third of family businesses transition to second-generation leadership, in the last five years, that number has dropped to only 19% . According to a 2021 Family Business Survey by PWC, in the U.S.

Publisher: Harvard Business Review
Date: 2022-09-27T12:25:28Z
Twitter: @harvardbiz
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Bloomberg - Are you a robot?
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Exclusive: Hearst eyes $12B in revenue as B2B business grows

Hearst expects revenues to grow close to $12 billion this year, up slightly from the record $11.9 billion it earned last year, according to new figures from CEO Steve Swartz provided to Axios in an interview.

Why it matters : A larger portion of the company's profits now comes from its specialty media, data and software businesses than from its traditional consumer media businesses, which include magazines, newspapers, and local and national TV.

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Publisher: Axios
Date: 2022-09-27T14:55:25.423000Z
Author: Sara Fischer
Twitter: @axios
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4 steps for proving IT's value to the business | CIO

David Vidoni wants to be sure that workers throughout his company know “how IT can transform the business.”

Vidoni, vice president of IT at tech company Pegasystems, gets the word out using various channels, from reports on metrics to easily accessible dashboards.

Publisher: CIO
Date: September 26 2022
Twitter: @CIO
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Japan Should Strengthen New Business and Human Rights Guidelines | Human Rights Watch

Japan's recently adopted guidelines on responsible use of supply chains are a missed opportunity to entrench strong human rights requirements in a global business superpower.

The Ministry of Economy, Trade and Industry Guidelines on Respect for Human Rights in Responsible Supply Chain , part of a global trend towards greater government oversight of businesses' human rights impacts, could have been a much-needed tool to address Japanese companies' complicity in ...

Publisher: Human Rights Watch
Date: 2022-09-26T17:09:15-0400
Twitter: @hrw
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Governor Abbott Announces Governor's Small Business Series - South Padre Island | Office of the ...

Governor Greg Abbott today announced the next in the statewide 2022 Governor’s Small Business Series to be held in-person in South Padre Island on Thursday, October 6, featuring special guest First Lady Cecilia Abbott.

“Texas leads the nation in job creation as businesses big and small thrive in the Lone Star State,” said Governor Abbott. "I am especially proud that we lead the nation for jobs created by Hispanic women, Black women, and veteran women business owners.

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Twitter: @GovAbbott
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Inflation is here to stay, Asian business leaders warn

Inflation in consumer goods will persist as a "new normal" as the global economy undergoes structural changes, Asian business leaders warn.

While rising interest rates might eventually temper asset prices, deglobalization and decarbonization could continue to drive up costs for everyday goods, said V. Shankar, chief executive of emerging markets investment manager Gateway Partners.

Publisher: CNBC
Date: 2022-09-27T06:37:16 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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#GiveTLH 2022: Teenpreneur equips kids with business skills

When Entrepreneurship Education Consultant Jennifer Donald kept hearing encouragement from her clients to offer similar services to kids and teens, it felt like a sign.

"I was conducting workshops and teaching people how to write a business plan, brand their business, apply for grants, and put together business proposals," she explains. "They kept saying, 'it would be awesome if you could teach this to kids'.

Publisher: _____
Author: Heather Fuselier
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Nick Saban's latest business venture is a Nashville Ferrari dealership - al.com

The Alabama coach is part of the ownership group opening Prancing Horse of Nashville, a 43,400-square-foot showroom for the Italian sports car dealership, one of only 60 in the world.

Situated on a 14.33-acre site at 2320 Knights of Columbus Blvd., Prancing Horse is near the Nashville International Airport along Interstate 40.

Publisher: al
Date: 2022-09-27T12:00:01.803Z
Author: Utnaphistim
Twitter: @aldotcom
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Tesla's used car business is huge

Tesla claims its used car business is "as big as some publicly traded used car retailers," and it is expanding fast.

Many factors separate Tesla's business from other automakers, and its direct-sale model is one of the biggest – and probably the one that other automakers are most jealous of.

Publisher: Electrek
Date: 2022-09-26T18:51:44 00:00
Author: Fred Lambert
Twitter: @electrekco
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