fights at work come home...so there is more emphasis on harmony and issue avoidance (than is found in publicly owned companies)
less risk taking than publicly owned companies
more ties to "tradition"
difficult to manage promotions, transition....because everyone wants to be the "owner", boss, but instead of being based on qualifications, its often based on family hierarchy
successful business becomes an asset for children to fight over
inheritance always an issue in decision making
big issue...how to pass on a successful business to the next generation?
Alignment of interests
In a family business, this is especially essential to achieve because of the dual nature of the home / work environment. Also, because promotions are often based on family hierarchy, you may find less-than-qualified, or less-than-interested family members with roles of responsibility. Making sure their interests long term are in fact tied to the best interests of the company are especially challenging. see our discussion on interests aligned for more....
My goal with the site is to create a community where entrepreneurs and influential tech bloggers can collaborate in creating a guide... discussing trends in technology (as well as other trends) that effect investors in new technologies. Bloggers and entrepreneurs gain reputation by contributing content, and leading discussions, and they gain exposure to the community of peers, as well as investors in new technologies. The reputation of leading a discussion on a particular topic should help entrepreneurs (bloggers and consultants) to find financing, find new jobs, or find new business partners,etc... more information here about why / how to contribute...
Our goal is to build the best, most useful wiki for entrepreneurs globally, and to create a community where entrepreneurs can collaborate in creating a guide for startups. Gain reputation by contributing content, and leading discussions. Gain exposure to the community of entrepreneurs and investors. Find financing, find new jobs, or find new business partners,etc...
KookyPlan is for entrepreneurs, trail-blazers, and for un-conventional thinkers who dare to venture into uncharted waters and dream of changing the world with their new innovations.
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