Skip to content
  • How To Grow Your Family Business

    Forbes - 05/15/2019

    For advice on how to grow your family business, I turned to two experts: Kimberly A. Eddleston, a professor of entrepreneurship and innovation at Northeastern University and a senior editor on the EIX Editorial Board of the Schulze School of Entrepreneurship at the University of St. Thomas in Minneapolis (full disclosure: The Schulze Foundation is a funder of Next Avenue) and Ken Wentworth, a small business growth consultant based in Columbus, Ohio.

    “There are both pros and cons of being a family firm when facing a big growth decision,” says Eddleston. “The pros are the ability of the family to sacrifice for the firm — putting in extra hours and energy without taking pay, giving the firm generous loans with little or no interest, and often very lenient payback schedules and basically doing whatever it takes to make the firm succeed.”

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.